China’s stock market fell sharply on Monday in a further sign that government efforts to stem its losses have failed to persuade investors worried about a slowing economy and the impact of US tariffs.
Despite policymakers’ use of optimistic rhetoric and policy support over the past two weeks, the benchmark CSI 300 index, which tracks large-cap shares traded in Shanghai and Shenzhen, has now lost more than 10 per cent in October and 24 per cent in 2018. On Monday it closed 3 per cent weaker.
Analysts say recent falls in US stocks are adding to negative sentiment.
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