HONG KONG -- China and Hong Kong markets opened lower on their first trading day of 2024, having ended 2023 as two of the year's worst performers and amid lingering concerns over Beijing's crackdown on the tech sector and a prolonged property slump, as well as a slowdown in production activity and lukewarm consumption.
Markets
China and Hong Kong shares suffer a dismal start to 2024
Mainland developers still in distress while EV makers face uncertainty
Mainland Chinese stock price opened lower on Tuesday for the year 2024, after being one of the worst performers last year. (Photo by Kenji Kawase)
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