China’s Stock Euphoria Cools as Traders Reassess Stimulus Bets
- CSI 300 Index pares strong opening rally; HK stocks plunge
- Turnover hits record as onshore market reopens after holidays
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Chinese stocks began Tuesday’s session with a bang — an onshore benchmark surged 11% as soon as trading resumed after a weeklong break. But the enthusiasm faded as the day progressed, with the lack of more major stimulus from a key policy meeting disappointing investors.
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