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🇨🇳 China's growth stocks take the hit as investors wait on Beijing's next move
The day in view

🇨🇳 China's growth stocks take the hit as investors wait on Beijing's next move

Macro Soup Newsroom Macro Soup Newsroom 3 min read

China's growth stocks led Monday's selloff, with Shenzhen's ChiNext benchmark down 3.21% against a 0.59% dip in the Shanghai Composite. Investors are positioning ahead of this week's National People's Congress Standing Committee session for signs of fresh stimulus.

Dark-themed market board listing Asian indices (KOSPI, SZSE Component, Hang Seng, Shanghai and others) with prices and red percentage losses.
Hang Seng Tech sank nearly 4% and ChiNext more than 3% on Monday as Alibaba’s $10 billion AI share sale hit growth names ahead of the NPC Standing Committee session. Source

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