Chinese stocks were heading for one of their worst days this year on Monday despite policy loosening by central bankers in Beijing.
The CSI 300 index of major companies listed in Shanghai and Shenzhen was off 3.9 per cent by late morning, tracking for its biggest one-day decline since June and its third worst fall in 2018. All market segments of the CSI were down but technology stocks took the biggest battering, slumping 5.3 per cent.
Separately, the Shanghai composite was off 3.3 per cent while the Shenzhen composite fell 3.4 per cent. And in Hong Kong the Hang Seng China Enterprises index of major Chinese companies listed in the city dipped 0.9 per cent while the broader Hang Seng dropped 0.9 per cent.
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