China Stocks Sink Deeper Into Bear Market as CSI 300 Falls
The CSI 300 fell as much as 1.6% Friday, bringing its weekly loss to nearly 5%, the most in three months. The decline came despite state-backed fund buying.
Chinese equities moved further into bear-market territory as state-backed funds’ rescue efforts failed to restore investor confidence. The onshore CSI 300 Index fell as much as 1.6% on Friday. Its losses for the week reached nearly 5%, the steepest weekly decline in three months. The latest drop follows a 20…