China jitters pull Asian stocks to seven-month low

China

Asia’s stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25% to its lowest level since mid-December, extending a low set the day before.

The Hong Kong benchmark fell 0.59%, its third day of declines, with the Hang Seng Tech index down 2% to its lowest since its inception in July 2020. It is down about 11% in three days and has lost 40% from a February peak

News Source:- Moneycontrol

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