Posted 10/19/2023, 5:07:00 PM
Shanghai Stocks Teeter Near 3-Year Low as Real Estate Woes Weigh on Investors
- Shanghai index edges closer to 3,000 precipice on real estate woes
- The Shanghai Stock Exchange building. The benchmark Shanghai Composite Index has hit a year-to-date low.
- The index fell 1.74% to 3,005 on Thursday, the lowest close in 11 months.
- The index is near the 3,000 threshold last breached on Nov. 3.
- Investors worry more about the troubled property sector despite Beijing's efforts to prop up the stock market.