Chinese stocks rebounded from their lowest levels in more than five years after a holiday break, as investors eagerly awaited a rate decision from the US Federal Reserve.
Hong Kong’s market is closed for a public holiday and will resume trading on Thursday.
The CSI 300 Index added 0.4 per cent to 3,171.01 at the close. On Friday, it closed at its lowest point since January 24, 2019. The Shanghai Composite Index gained 0.5 per cent and the Shenzhen Composite Index retreated 0.2 per cent. Mainland markets have yet to catch up to the Hang Seng Index, which rose 1.7 per cent over the first two days of trading this week.
Caution prevailed ahead of the Fed’s rate decision on Thursday and Chinese traders digested some key economic data for August that fell short of expectations. Industrial output and retail sales both missed expectations, while home-price declines deepened, according to data released by the statistics bureau over the…
