Posted 12/5/2023, 9:37:01 AM
Chinese, Hong Kong Stocks Extend Losses on Economic Worries
- Chinese and Hong Kong stocks fell for a third straight day amid ongoing concerns about the health of China's economy
- The MSCI China Index dropped 2.3%, heading for its lowest close since November 2022
- Moody's cut its outlook on Chinese bonds to negative, further weighing on investor sentiment
- Traders believe policy support for the economy has fallen short of what is needed
- Overseas investors sold the most mainland shares via Hong Kong links since mid-October