China Shares Tumble, Central Bank’s Move to Aid Economy Shrugged Off

China Shares Tumble, Central Bank’s Move to Aid Economy Shrugged Off
A man walks past screens showing stock information at a brokerage house in Jiujiang, Jiangxi Province, China on Oct. 8, 2018. Stringer/Reuters
|Updated:

SHANGHAI—China stocks tumbled on Oct. 8, as investors back from a long holiday dumped shares across the board even after Beijing’s weekend move to spur more lending at a time of increasing fears about the economic impact of the Sino-U.S. trade war.

Spot yuan ended at its lowest official close in seven weeks against the U.S. dollar as expectations of more easing measures by China, plus surging U.S. bond yields, put pressure on the Chinese currency.