China rally loses steam as authorities disappoint markets; Hong Kong stocks plunge more than 6%
A customer watches stock market at a stock exchange in Hangzhou, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images SINGAPORE — The rally in Chinese markets lost steam on Tuesday after a briefing from the country’s National Development and Reform Commission provided few details on further stimulus. While mainland China’s CSI 300…