In global markets, commodities from iron ore to copper that depends heavily on Chinese demand also slumped. Meanwhile, benchmark yields on Chinese government bonds sank to a fresh record low after authorities vowed to ease monetary policy further.
hinese 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%.
