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Chinese stocks recorded their worst start to a year since 2019, as weak manufacturing and home sales data reinforced investor concerns about the economic outlook.
The CSI 300 Index ended 1.3% lower on Tuesday to halt a three-day gain while the Hang Seng China Enterprises Index declined 1.7%. It was the worst first trading day of the year since 2019 for both gauges. Markets in Hong Kong and the mainland were shut on Monday for the new year holiday.
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