Chinese stocks fall overnight on property fears

clock

China's stock markets fell overnight as major problems in its property market prompted talk of a potential bailout of a developer.

Problems at unlisted Zhejiang Xingrun Real Estate Co. are hurting Chinese property shares on the mainland and in Hong Kong, and sent markets lower overnight.

China's Shanghai Shenzhen CSI 300 index lost 0.8%, as the yuan weakened to near an 11-month low and money-market rates rose.

Hong Kong's Hang Seng also finished marginally lower, down 0.1%.

The losses in Chinese markets follow a positive session overnight in the US. The NASDAQ Composite index leapt 1.3%, while both the Dow Jones and S&P were up by close of day.

In the UK, the FTSE 100 ended the day 0.6% up, while the FTSE All-Share was up 0.5%. 

In terms of firms, big climbers included Evraz, Wolfson Microelectronics and JP Morgan Russian Securities. 

 

More on Investment

Stories of the Week: FCA Consumer Duty overhaul, 2027 crypto framework, and Andy Burnham's fiscal rules pledge

Stories of the Week: FCA Consumer Duty overhaul, 2027 crypto framework, and Andy Burnham's fiscal rules pledge

The biggest stories from the world of investment and asset management this week

Investment Week
clock 03 July 2026 • 1 min read
Complexity of ISA cash restrictions likely to discourage investing

Complexity of ISA cash restrictions likely to discourage investing

HMRC ISA proposals

clock 01 July 2026 • 4 min read
Stories of the Week: Starmer resigns, fees fall, and Peter Harrison joins Chikara

Stories of the Week: Starmer resigns, fees fall, and Peter Harrison joins Chikara

The biggest stories from the world of investment and asset management this week

Investment Week
clock 26 June 2026 • 1 min read
Trustpilot