Mainland Chinese blue chips turned lower after early gains, with the benchmark CSI 300 dropping 0.8%. Trade data released on the day showed an unexpected decline in imports and slower exports growth, underlining the struggles facing the world's second-biggest economy despite the lifting of COVID curbs in December "When it comes to the Chinese market, you have the question coming from investors now about the strength of the recovery," said Frank Benzimra, Societe Generale's Hong Kong-based head of Asian equity strategy. "So when you have some trend data which is not as good as people expect, it raises doubts," he said.
Chinese data, U S debt ceiling worries send shares lower streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Chinese data, U S debt ceiling worries push stocks down streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.