China stocks close lower on Covid worries ChinaPulse.com China News, Data, Media Intelligence and Insights


Source: chinapulse.com chinapulse.com

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Big screen in Shanghai shows stock market fluctuations SHANGHAI (Reuters) - Chinese stocks closed lower on Thursday as the worst outbreak of the coronavirus since the initial wave in 2020 affects the outlook for economic growth, despite pledges from policymakers to take more supportive measures. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 1.28%, while the Shanghai index dropped 1.42%. Hong Kong's Hang Seng Index lost 1.23%, and the China Enterprises Index slipped 1.5%. u201cConcerns about the downturn in the economy are the biggest factor weighing on the market,u201d said...