Shanghai Composite logs biggest drop since 2020, Hang Seng extends worst loss since 2008 on fading stimulus optimism
Mainland China stocks plunged on Wednesday, October 9, snapping a 10-day winning streak after officials failed to inspire confidence in stimulus plans to revive the economy. Following the losses, the frontline benchmark Shanghai Composite index fell over seven per cent, its worst loss since February 2020, when fears were rising about COVID-19 emanating from Wuhan…
