Chinese stocks slid the most in five months on Thursday, a day after President Xi Jinping projected his nation’s global ambition with a landmark military parade in Beijing.
The blue-chip CSI 300 benchmark fell 2.1 per cent, while Hong Kong’s Hang Seng index dropped 1 per cent. China’s tech-focused Star 50 index shed 6.2 per cent.
The CSI 300 surged more than 10 per cent in August, fuelled by a rally in technology companies such as chip designer Cambricon. Prior to Thursday’s fall, the index was up more than 14 per cent for the year, reaching its highest level since 2022.
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