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China stocks flat, limp to quarterly drop, as stimulus falls short
HONG KONG/SINGAPORE: Chinese blue chips were pinned near one-year lows on Wednesday as Beijing’s latest piecemeal package of policy support disappointed downbeat investors and left the benchmark tracking toward its largest quarterly drop in more than four years. A two-speed economy with strong factory output and exports but weak domestic demand has been a deadweight on sentiment, while a pullback in high-flying tech shares has slammed the brakes on what had been the brightest spot in the market. China’s CSI 300 index rose 0.2% in morning trade and is struggling to lift off a one-year low made ...
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