SHANGHAI: China stocks fell on Tuesday in their first trading session in 2022, as weak spot in tech shares offset a rebound in property performs.
The blue-chip CSI300 index fell 0.5%, to 4,917.77, whereas the Shanghai Composite Index misplaced 0.2% to three,632.33 factors.
Technology shares led the losses.
Shanghai’s Nasdaq-style STAR Market misplaced 2.4%, whereas the start-up market ChiNext dropped 1.3%.
Dampening market sentiment, China’s our on-line world regulator stated it will implement new guidelines from Feb. 15 that require platform firms with information for greater than 1 million customers to endure a safety evaluation earlier than itemizing their shares abroad.
But property shares in China rebounded sharply, as the sector witnesses elevated volatility on debt reimbursement worries.
China’s CSI300 Real Estate Index rose 2.2%. – Reuters
