KM Financial Solutions | China stocks fall further, financials top drag
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China stocks fall further, financials top drag

China stocks fall further, financials top drag

China stocks fell over 1
percent on Friday and were headed for a fifth straight session
of losses, dragged by financials after the banking and insurance
regulator pushed for credit support to private companies. Hong
Kong stocks also declined, tracking broader Asian markets, as
investors braced for an interest rate hike by the U.S. Federal
Reserve in December.
** By lunchtime, the Shanghai Composite index was down
1.3 percent at 2,601.51. The blue-chip CSI300 index
al

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