China stocks sink as investors dump shares after recent rallies
HONG KONG, Oct 9, (AP): Stocks in China slumped on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s losing 1.5% as investors dumped shares to lock in profits after recent rallies driven by hopes for major economic stimulus. Other Asian markets rose, while U.S. futures fell back. Oil prices advanced.
China stocks sink as investors dump shares after recent rallies, while other Asian markets gain
Stocks in China slumped on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s losing 1.5% as investors dumped shares to lock in profits after recent rallies driven by hopes for major economic stimulus.
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