Investors look at computer screens showing stock information at a brokerage house in Shenyang in pre-pandemic days. Photo Reuters
China stocks falter as PBOC move disappoints, growth trails official target, banks slump
- Stocks closed near a one-week low as financials and raw-material producers paced losses after PBOC withheld firepower in last week’s easing
- GDP report showed growth trailed official target pace as Covid-19 lockdowns unsettled investors
Investors look at computer screens showing stock information at a brokerage house in Shenyang in pre-pandemic days. Photo Reuters