Asia Markets: Chinese stock markets hit fresh 4-year low to lead Asian region lower [MarketWatch]
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Source: MarketWatch
Chinese stock markets hit fresh 4-year low to lead Asian region lower Asian stock markets fell Thursday, including a steep retreat in China, after Wall Street logged losses and Federal Reserve meeting minutes suggested more U.S. interest-rate hikes ahead. Chinese stocks led the region’s decline. The Shanghai Composite SHCOMP, -2.94% was down nearly 3% and the Shenzhen Composite 399106, -2.73% fell 2.7% as both hit fresh four-year lows. In Chinese trading, oil stocks were among the weakest plays, while tourism and winemakers also underperformed. China International Travel Service 601888, -6.84% , one of the consumer “white horses,” fell another 6.8% after dropping the 10% daily limit during Wednesday’s session as gambling reportedly isn’t coming to Hainan island, as some had hoped. Also, on Wednesday the U.S. Treasury declined to label China a currency manipulator , but said it was concerned about the yuan’s recent weakness. Japan’s Nikkei NIK, -0.80% was down 0.8%, with en
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