Hang Seng Index Sees Longest Losing Streak Since 2021 Amid Gloom
- More than a dozen fund houses promise to buy own products
- Goldman lowers MSCI China Index for second time in 3 months
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Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate tied to mortgages on hold, in a move that raised doubts over the country’s commitment to support the embattled property sector.
The Hang Seng China Enterprises Index, which tracks Chinese stocks listed in Hong Kong, slumped 1.9% to the lowest since November. The Hang Seng Index, which fell into a bear market on Friday, slid for a seventh straight day, the longest losing streak since November 2021.