China stocks post worst day in 6 weeks as poor tech earnings, Trump fears weigh
Shanghai Composite posting their biggest single-day losses since Oct. 9, dragged down by big tech firms' disappointing earnings and investors' fears over U.S. President-elect Donald Trump's future policies on China.
The Shanghai Composite index closed 3.06% lower at 3,267.19.
The CSI300 index lost 3.1%, its financial sector sub-index eased 3.38%, the consumer staples sector fell 2.96%, the real estate index dropped 2.95% and the healthcare sub-index shed 3.8%.
Biotech firms and brokerages led the decline, slipping more than 4% each.
Hong Kong's Hang Seng index dipped 371.14 points, or 1.89%, to 19,229.97, Hang Seng China Enterprises index slid 2.1% to 6,887.05 and Hang Seng Tech Index lost 2.6%.
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