Energy Markets
Waning China ecstasy damages Europe and hammers Hong Kong
A lack of information on China's longawaited financial stimulus triggered a rally in Chinese shares to fizzle on Tuesday, sending out Hong Kong stocks tumbling and dragging down European business and oil prices. Other factors were likewise at play as markets kept a close eye on the broadening dispute in the Middle East and the most likely rate of Federal Reserve rate cuts after strong U.S. tasks information on Friday. China's CSI300 blue-chip index rose 10% in early trade to its strongest given that July 2022, as the nation's markets reopened after the week-long National Day holiday. Yet the index...