Key China stock index logs first consecutive daily drop since stimulus rush

Investors waver amid doubt Beijing has reached 'whatever it takes' moment

20241016 shanghai stock board

Chinese stocks have been losing momentum as investors wait for specific details of expected fiscal stimulus measures. © Reuters

ECHO WONG, Nikkei staff writer

HONG KONG -- China's benchmark CSI 300 index fell for the second straight day on Wednesday, marking its first consecutive decline since authorities sparked a major market rally by rolling out stimulus measures in late September.

The CSI 300, which measures major stocks listed in Shanghai and Shenzhen, closed 0.63% lower on Wednesday, at 3,831.59. The index had dropped 2.66% on Tuesday, amid growing signs of investor uncertainty over the way forward.

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