Chinese markets fell on Thursday as interest in tech stocks faded and reports emerged of possible regulatory curbs on speculation.
Reality appeared to return, as if on cue, after the end of a big military parade set up by President Xi Jinping and watched by leaders of some of the world’s most authoritarian states.
Sentiment was also soured by a tumble in tech bellwether Cambricon amid worries about fund outflows in an upcoming index rebalancing.
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The Shanghai Composite Index, which hit 10-year highs last week, sank nearly 2% in the morning session and was poised for its worst day in nearly five months. The blue-chip CSI300 benchmark slumped 2.5%, while Hong Kong’s Hang Seng Index dropped more than 1%.
China’s financial regulators are considering a number of cooling measures for the stock market, including…
