News Snapshot:
SHANGHAI (Reuters) – China stocks closed lower on Tuesday, as investors worried that recent support measures were not enough for the housing sector to recover as Covid-19 cases surged. and expanding energy restrictions also detracted from sentiment. The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, closed down 0.49%, while the Shanghai index lost 0.05%. The Hong Kong Hang Seng index, meanwhile, dropped 0.78%. Home developers lost 1.4% after closing almost unchanged in the previous session, even as China slashed its prime lending rate and lowered its mortgage benchmark. Meanwhile, Bloomberg reported that China plans...
