Asian stocks tumble, bitcoin retreats as China enters bear market

Image for article Asian stocks tumble, bitcoin retreats as China enters bear market
News Source : CoinDesk

News Summary

  • The CSI 300, which tracks the 300 largest stocks traded in Shenzhen and Shanghai, slid 2%.
  • Japan's Nikkei 225 fell around 3%, South Korea's Kospi dropped 3.5%, Taiwan's benchmark lost 2% and Hong Kong's Hang Seng declined 3%.
  • Chinese technology shares traded in Hong Kong faced their worst session since President Donald Trump’s April 2025 “Liberation Day” tariff announcement.
  • The equity selloff persisted despite easing Treasury yields, which would tend to make stock-market investments more attractive.
Asian stocks tumbled on Thursday, with Chinese equities entering a bear market as technology shares sank and rising oil prices compounded investor concerns.

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