Chinese stocks slumped into a correction after another much-anticipated policy briefing failed to deliver the kind of pro-growth stimulus that investors had been hoping for.
The CSI 300 Index ended the day 1.1% lower, taking its declines from an Oct. 8 high to about 11%. A Bloomberg Intelligence gauge of Chinese developer stocks tumbled more than 12%, on track to wipe out gains from the previous session. The Hang Seng China Enterprises Index dropped more than 1%.
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