Chinese Stocks Close Lower Ahead of Expected Stimulus From NPC Meeting

Nov 8, 2024
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Chinese shares closed lower ahead of announcement of stimulus expected later today following the NPC meeting.

The benchmark Shanghai Composite Index fell 0.5% to 3452.30, the Shenzhen Composite Index dropped 0.3% and the ChiNext Price Index declined 1.2%.

Property stocks and brokerages led losses. CSC Financial and China Vanke fell 4.9% and 3.8%, respectively. Hongta Securities dropped 3.5%.

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