Chinese and Hong Kong stocks dropped on Monday, with the CSI Anime Comic Game Index falling by 4.6% and the Chinese yuan rebounding from a four-month low.
Chinese and Hong Kong stocks dropped on Monday, primarily driven by profit-taking in tech and media sectors, with the CSI Anime Comic Game Index falling by 4.6% - its largest one-day percentage drop in a month since early February. Despite the overall decline, real estate shares saw gains after Premier Li Qiang announced China would further optimize property policy to stimulate demand. The Chinese yuan rebounded from a four-month low, strengthening by 0.31% against the US dollar.
March 25, 2024
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