Chinese equities posted their steepest decline in five months, following a high-profile People's Liberation Army parade in Beijing.
chinese stocks fell sharply on Thursday, with the CSI 300 index down 2.1 per cent, the Hang Seng off 1 per cent, and the Star 50 plunging 6.2 per cent, reports London's Financial Times. The drop came a day after President Xi Jinping showcased China's military might in a landmark parade.
The CSI 300 had gained more than 10 per cent in August, driven by tech stocks like Cambricon, and was up over 14 per cent for the year before Thursday's sell-off. The index had reached its highest level since 2022.
The decline marks the worst single-day performance since April, when tariff threats from US President Donald Trump triggered a seven per cent fall in the CSI 300.
SeaNews Turkey
chinese stocks fell sharply on Thursday, with the CSI 300 index down 2.1 per cent, the Hang Seng off 1 per cent, and the Star 50 plunging 6.2 per cent, reports London's Financial Times. The drop came a day after President Xi Jinping showcased China's military might in a landmark parade.
The CSI 300 had gained more than 10 per cent in August, driven by tech stocks like Cambricon, and was up over 14 per cent for the year before Thursday's sell-off. The index had reached its highest level since 2022.
The decline marks the worst single-day performance since April, when tariff threats from US President Donald Trump triggered a seven per cent fall in the CSI 300.
SeaNews Turkey
