Chinese Stocks Slide, Fueling Concern Over Market’s Outlook
- Key equity gauges post steepest losses in a week; yuan falls
- Investors await clarity on size of China’s fiscal stimulus
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Chinese stocks tumbled as doubts resurfaced on whether Beijing’s stimulus blitz will be enough to prop up an economy mired in deflation and a property crisis.
The CSI 300 Index fell 2.7%, extending losses since an Oct. 8 high to more than 9%. A gauge of Chinese shares listed in Hong Kong slumped 4%, capping its worst day in a week. The yuan also weakened.