Add as a preferred source on GoogleChina’s CSI 300 Index Logs Steepest Monthly Loss Since Early 2016
The index fell 8.5% in October and posted a record 12-week losing streak. Some securities firms and funds are expected to join officials for talks on buyback financing Nov. 2.
China’s CSI 300 Index fell 8.5% in October, its steepest monthly loss since early 2016. It also recorded 12 consecutive weeks of declines, a record streak.
China’s official manufacturing and nonmanufacturing purchasing managers’ indexes returned to contraction in October.
China’s central bank and securities regulators are expected to meet Monday, Nov. 2, with some securities firms and funds to discuss expanding a relending program for stock repurchases and increases in existing shareholdings. The discussion concerns the stock-repurchase relending policy.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.