China’s Blue-Chip Index Hits 14-Month Low as CATL Tumbles
China’s blue-chip index fell to a 14-month low on Wednesday despite a broader recovery in Asian shares, as weaker profit growth at index heavyweight CATL and fading hopes of major stimulus to boost spending weighed on sentiment.
China’s blue-chip index fell to a 14-month low on Wednesday, even as Asian shares broadly recovered. Sentiment was weighed down by slower profit growth at index heavyweight CATL and waning expectations for major stimulus to lift spending.