The dollar held steady after a notably rally and gold drifted lower while oil recovered some ground, after having fallen more than 4 percent on Tuesday following reports of a possible Hezbollah-Israel ceasefire.
Chinese stocks plunged as investors booked profits after recent rallies. The benchmark Shanghai Composite index slumped 6.62 percent to 3,258.86 after officials failed to boost confidence in stimulus plans aimed at reviving the economy.
Hong Kong’s Hang Seng index fluctuated before finishing 1.38 percent lower at 20,637.24 after reports emerged that China’s finance ministry will hold a briefing on fiscal policy on Saturday.
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First Published: Oct 09 2024 | 4:47 PM IST
