China stocks slump to 5-week closing low on economic slowdown fears


China shares slumped on Thursday to a five-week closing low, as prolonged COVID-19 lockdowns and a lack of adequate policy support left investors worried about the economic growth outlook, while oil giant CNOOC soared in its Shanghai debut.

The blue-chip CSI300 index fell 1.8% to 3,995.83, while the Shanghai Composite Index...