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.
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00:00It's Benzinga and here's what's on the block.
00:03Chinese stocks saw their biggest drop in over four years as traders grew impatient with
00:07the slow pace of Beijing's stimulus measures.
00:10The CSI 300 index plunged more than 7%.
00:14Weak Golden Week holiday spending data further hurt sentiment, wiping out Tuesday's gains
00:18after mainland markets reopened.
00:21The Hang Seng China Enterprises Index tracking Hong Kong-listed Chinese stocks also fell.
00:26While equities rallied in recent weeks due to stimulus-driven optimism, strategists are
00:30now calling for Beijing to back its pledges with real fiscal action to revive the economy.
00:35For all things money, visit Benzinga.com.