Posted inChina economy

Chinese stocks slump after Moody’s outlook cut

Stock markets in Hong Kong and mainland China slumped after Moody’s downgraded its outlook on the Chinese government’s credit ratings to “negative” from “stable” on Tuesday. The Hang Seng Index, Hong Kong’s stock market benchmark, fell 1.9% to close at 16,327 on Tuesday, the lowest since November 2022. The Shanghai Composite Index dropped 1.7% to […]

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