Foxconn slumped as much as 7% to a six-month low. (EPA Images pic)SHANGHAI: China stocks fell on Monday, as Beijing’s supportive gestures failed to steady a sliding market, with investors unsettled by higher global interest rates and rising geopolitical tensions.
The US launching probes into technology firms including Luxshare Precision Industry and Foxconn Industrial Internet further dented risk appetite.
"The main anxiety comes from rising global yields," Caitong Securities said in its market outlook.
"There's also the tail risk of a potential debt crisis" stemming from the weakest governments in the euro zone, Caitong Securities said.
