China stocks fall on regulatory crackdown; Hong Kong drifts lower
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China stocks fell on Tuesday due to regulatory crackdowns on speculation and abnormal trading practices, with the CSI300 Index down 0.5% and the Shanghai Composite Index down 0.3%. Hong Kong's Hang Seng Index also edged down 0.04%. The securities watchdog fined a stock commentator 83 million yuan for market manipulation. Regulatory measures were taken against hundreds of trading practices, reflecting a desire to slow market gains. Meanwhile, China's benchmark lending rates remained unchanged, and sectors targeted by speculators saw significant declines, while real estate stocks rose on hopes for government support.
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