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China stocks tumble 2%, rest of Asia struggles to hold gains

Writer: IntelligentInvestorJKD
IntelligentInvestorJKD
Oct 29, 2018
1 min read

You telling me somethings not going on in the financial markets. First US and UK, now China having a wobble. The markets are built on a pack of cards after 2008 crisis. Nothing changes, just paper over the cracks and go again...


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Asian stock markets gave up an early lead on Monday, with Chinese stocks leading the declines, amid worries about U.S.-China trade relations and continued tech-stock weakness on Wall Street.

Down from the start of trading, the Shanghai Composite SHCOMP, -2.18%   dropped 2.4% and the smaller-cap Shenzhen Composite 399106, -2.02%   fell 0.7%.

Hong Kong stocks joined regional peers recovering from Friday’s global selloff, though early out-of-gate gains were whittled in a few minutes. The benchmark Hang Seng Index HSI, +0.38%   lost 0.2%, after a 1% gain at the open. Chinese property developers such as Sino Land 0083, -2.39%   , fell over 3%, as China Resources Land 1109, +1.15%   gave up leads of more than 1%.


Read on (source and credit)

https://www.marketwatch.com/story/nikkei-scares-up-gains-as-asian-stocks-mostly-advance-2018-10-28



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