Chinese Stocks Sink Most in Three Weeks as CEWC Lacks Surprise
- Key commodities from iron ore to copper also slumped
- Economic work conference pledged to boost demand via spending
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Chinese shares declined as authorities again left investors guessing on the specifics of a fiscal stimulus even as their key policy meeting vowed to boost consumption.
The CSI 300 onshore benchmark closed down 2.4%, its worst day in three weeks. Friday’s drop led to a weekly loss of 1%, snapping a two-week winning streak spurred by optimism about potent stimulus. A gauge of Hong Kong-listed Chinese stocks fell over 2%.