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Finance · 01/10/2025
US Crackdown on Chinese Auto Sector Triggers Ashare Slump
The Chinese A-share market closed sharply down on Friday, influenced by the upcoming announcement of new regulations affecting the Chinese automobile industry by the U.S. The Shanghai Composite Index fell below 3,200 points, with significant declines also seen in the Shenzhen Composite Index and the ChiNext Index. Meanwhile, the central bank adjusted its treasury bond buying strategy to ensure market liquidity.