China stocks slip on first trading session in 2022 as tech shares weigh
** The blue-chip CSI300 index fell 0.5%, to 4,917.77, while the Shanghai Composite Index lost 0.2% to 3,632.33 points. ** Technology shares led the losses. ** But property shares in China rebounded sharply, as the sector witnesses elevated volatility on debt repayment worries. ** China's CSI300 Real Estate Index rose 2.2%.
- Country:
- China
China stocks fell on Tuesday in their first trading session in 2022, as weakness in tech shares offset a rebound in property plays. ** The blue-chip CSI300 index fell 0.5%, to 4,917.77, while the Shanghai Composite Index lost 0.2% to 3,632.33 points.
** Technology shares led the losses. ** Shanghai's Nasdaq-style STAR Market lost 2.4%, while the start-up market ChiNext dropped 1.3%.
** Dampening market sentiment, China's cyberspace regulator said it would implement new rules from Feb. 15 that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas. ** But property shares in China rebounded sharply, as the sector witnesses elevated volatility on debt repayment worries.
** China's CSI300 Real Estate Index rose 2.2%.
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