(Bloomberg) — A rout in Chinese stocks deepened Wednesday as a slew of disappointing economic data reinforced bearish sentiment toward the market. Most Read from Bloomberg The Hang Seng China Enterprises Index fell 3.9%, recording its worst day since October 2022. The CSI 300 benchmark for mainland shares slid 2.2% as foreigners sold 13 billion […]
Tag: rout
Price Wars Help Spark $157 Billion Rout in China Consumer Stocks
(Bloomberg) — The seemingly relentless decline in prices of Chinese goods amid tepid consumer demand is denting expectations that corporate earnings can revive the flagging stock market. Most Read from Bloomberg From electric vehicles to fast food, companies are engaging in a battle of promotions aimed at luring customers who are spooked by dim job […]
Kevin De Bruyne returns as Phil Foden inspires FA Cup rout of Huddersfield
Kevin De Bruyne made an eye-catching return and Phil Foden struck twice as holders Manchester City thrashed Huddersfield 5-0 in the FA Cup third round. Julian Alvarez and Jeremy Doku were also on target as City – further aided by an own goal – swept aside their Championship opponents in a one-sided third-round tie at […]