Shanghai– China stocks fell on Tuesday as rising COVID cases raised fears of a further slowdown in economic growth, while investors grew increasingly worried about the property sector after homebuyers threatened to stop mortgage payments on unfinished apartments, Reuters reported.
The CSI300 index fell 0.9% to 4,254.16 by the end of the morning session, while the Shanghai Composite Index lost 0.3% to 3,268.52.
The Hang Seng index dropped 1.2% to 20,605.64. The Hong Kong China Enterprises Index lost 1.2% to 7,079.91.
In Hong Kong, both tech giants and mainland developers retreated 1.6%.
Source: Saudi Press Agency