China stocks drop after trade data disappoints Hang Seng falling 4%

China stocks drop

Chinese stocks declined on Tuesday 15th October 2024, contrasting with the broader gains in other Asia markets, which followed record highs reached by the Dow Jones Industrial Average and the S&P 500 on Wall Street

The CSI 300 index in Mainland China fell to close at 3,855.99, and the Hang Seng index in Hong Kong decreased by 3.67% to finish at 20,318.79.

After the markets closed on Monday 14th October 2024, China reported disappointing trade figures for September 2024, with exports increasing by only 2.4% from the previous year and imports rising a mere 0.3%, both significantly below expectations.

China CSI 300 index one-day chart

China CSI 300 index one-day chart as of 15th October 2024