China stock markets bearish as property woes persist

24.08.2022

China stocks closed lower on Tuesday, as investors fretted that recent support measures were not sufficient to turn around the country's beleaguered property sector, while rising COVID-19 cases and extended power curbs also dented sentiment. 

The CSI300 Index was down 0.5% at close, while the Shanghai Composite Index edged 0.1% lower.

The...