Chinese blue-chip stocks remained near one-year lows on Wednesday as Beijing's latest measures to support credit, mortgages and investment failed to revive investor confidence, putting the benchmark indexes on track for their sharpest quarterly declines in more than four years, according to a report by Reuters.
The CSI 300 index rose 0.2% in morning trading but remained close to a one-year low reached earlier this week. The index is on course to fall about 13% this quarter, which would be its biggest quarterly decline since the COVID-19 lockdowns in 2022, as per the report.
