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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

China Stocks Rally Fizzles On Stimulus Worries Amid Asia Retreat

Traders are growing increasingly worried about China's economy following another weak reading on retail sales as officials struggle to boost consumer activity (Credit: AFP)

Mainland Chinese markets rallied Tuesday but were well off their morning highs, while Hong Kong suffered its worst day in 16 years on disappointment at a lack of detail on Beijing's raft of economic stimulus announced last month.

Shanghai and Shenzhen started the day on a blistering note -- piling on more than 10 percent -- as they reopened after a week-long holiday that had interrupted a rally sparked by a string of announcements by policymakers aimed at kickstarting growth.

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