China Stocks Slide as Slower Services Growth and Trade Tensions Weigh
- THE CHINA NOW
- Dec 5, 2024
- 2 min read
Summary
Chinese stocks dipped on Wednesday due to slower growth in the services sector and escalating U.S.-China trade tensions.
The Caixin/S&P Global Services PMI fell to 51.5 in November from 52.0 in October, reflecting weaker economic expansion.
Rare earth and semiconductor stocks gained as investors bet on domestic alternatives amid heightened trade frictions.
Chinese stocks edged lower on Wednesday, reflecting investor unease over slowing services sector growth and escalating trade tensions with the United States. By the midday break, the Shanghai Composite Index dipped 0.07% to 3,376.41 points, while the blue-chip CSI300 Index fell 0.21%, dragged down by declines in consumer staples and real estate stocks.
