Chinese Stocks Tumble in Worst Start to a Year Since 2016
- Data show China’s manufacturing activity slowed in December
- Investors likely preparing for greater uncertainties in 2025
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Chinese stocks posted their worst start to a year in nearly a decade as investors braced for economic uncertainties with weaker-than-expected manufacturing data and an anticipated hike in tariffs.
The CSI 300 Index closed down 2.9% on Thursday, its steepest drop on a year’s first day of trading since 2016. The Hang Seng China Enterprises Index slid as much as 3.1%.