Chinese Stocks Plunge Over 7% Amid Weak Holiday Spending. Investors Grow Weary Of Beijing's Slow Stimulus.

Chinese stocks saw their biggest drop in over four years, as traders grew impatient with the slow pace of Beijing’s stimulus measures. The CSI 300 Index plunged more than 7%. Weak Golden Week holiday spending data further hurt sentiment, wiping out Tuesday's gains after mainland markets reopened. The Hang Seng China Enterprises Index, tracking Hong Kong-listed Chinese stocks, also fell. While equities rallied in recent weeks due to stimulus-driven optimism, strategists are calling for Beijing to back its pledges with real fiscal action to revive the economy.