Chinese equities slid to their lowest levels in three months on Tuesday, while Hong Kong stocks also declined, as investors turned cautious ahead of key economic data and growing geopolitical tensions in the Middle East. According to Reuters, concerns over a slowing Chinese economy, coupled with renewed conflict in the Middle East, weighed heavily on market sentiment despite stronger-than-expected June trade data.
The benchmark CSI 300 index fell 0.4% by the midday break, while the Shanghai Composite Index dropped 0.7%, with both indices touching their weakest levels since early April. Hong Kong's Hang Seng Index also slipped 0.5%.
