China stocks decline on COVID, economic woes

22.08.2022

China stocks closed down on Friday as concerns over rising COVID-19 cases and a sluggish economic recovery lingered, while real estate developers shined during the week on expectations that authorities would support the embattled sector.

The blue-chip CSI300 index fell 0.7%, while the Shanghai Composite Index lost 0.6%.

The Hang Seng index...