The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
View all Reports
Equities 2 MIN READ

China stocks fall on fresh COVID curbs; coal shares slump

August 30, 2022By Reuters
Related Articles
Nasdaq falls more than 3% on inflation data May 11, 2022 Tech giants faced major market cap drop in July on earnings worries August 2, 2024 Wall Street stumbles as consumer pessimism stokes growth fears June 28, 2022

SHANGHAI, Aug 30 (Reuters) – China stocks ended lower on Tuesday, as more cities tightened COVID-19 restrictions in response to rising cases, fuelling fears of a further economic slowdown.

Investors were also concerned about tightening global monetary policies, which could drain liquidity and limit room for China continue easing its policy.

The CSI 300 Index fell 0.3% at close, while the Shanghai Composite Index was down 0.4%.

The Hang Seng Index  dropped 0.4%, while the Hang Seng China Enterprises Index  lost 0.5%.

Other Asian stock markets attempted to steady as investors turned their focus to this week’s US labour market report to gauge if interest rate hikes that have been priced in around the world are justified.

Several big Chinese cities escalated COVID-19 restrictions on Tuesday, with Shenzhen closing more businesses and Dalian locking down millions.

“Despite a decline in headline COVID cases, the actual COVID situation in China might be worsening,” Nomura analysts said in a note. “Markets could once again be hit in the next couple of weeks, likely triggering another round of cuts (in GDP forecasts) by economists on the street.”

Energy companies slumped more than 4%, with coal miners shedding 5.4% to lead the decline.

Energy stocks have gained more than 12% so far in the month, amid a supply shortage due to China’s most severe heatwave in decades.

State media reported over the weekend that the power crunch driven by drought in the southwestern province of Sichuan had started to ease as temperatures fell.

Real estate stocks rose 1.9% after Caixin reported China would issue CNY 200 billion (USD 29 billion) in special loans to help developers finish stalled housing projects.

China will step up measures to boost demand and stabilise employment and prices in the second half to optimise economic outcomes, the country’s finance ministry said on Tuesday.

Tech giants listed in Hong Kong edged down 0.5%.

China and the United States made a breakthrough in an audit deal, but legal experts and China watchers warn the two sides could still clash over how the accord is interpreted and implemented.

 

(Reporting by Shanghai Newsroom; Editing by Subhranshu Sahu and Rashmi Aich)

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up