Archive · Business Recorder
China stocks fall, led by tech, as US inflation stokes Fed fears
SHANGHAI: China stocks fell on Thursday, tracking broad weakness in global markets, as technology shares led declines after stronger-than-expected US inflation data fueled concerns that interest rates could remain higher for longer. As of the midday break, both the Shanghai Composite index and the blue-chip CSI300 index dropped 2%. The tech-focused STAR50 Index plunged 3%, while the startup board ChiNext Composite Index fell 3.4%. “The recent pullback seems to be driven more by a concentrated unwinding of elevated tech crowding, while mutual funds also face pressure related to break-even red...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →