Chinese Stocks Set for Correction as Rally Fades on Weak Economy
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A key gauge of Chinese shares is on course for a technical correction after a tech-led rally lost steam amid concerns about a slowing economy and a lack of strong stimulus measures.The MSCI China Index fell as much as 1.6% on Tuesday, taking its declines from an Oct. 2 high to more than 10%.
Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are among the major drags.