Chinese Shares Drop, Led by Property Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 08 2024
0mins
Source: WSJ
Chinese Stock Market Decline: Chinese shares are experiencing a downturn, with the Shanghai Composite Index falling 2.3% and significant declines in the Shenzhen Composite and ChiNext Price Indexes, as investors take profits after a recent surge.
Sector Performance: Property stocks are leading the losses, with notable drops from Poly Developments & Holdings and China Merchants Shekou Industrial Zone, while companies like SMIC and Hygon Information Technology see gains.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
