US Fed pointed at as China’s stock markets close in the red

12.01.2022

China stocks closed lower on Tuesday as expectations of quicker U.S. Federal Reserve interest rate hikes and domestic COVID-19 outbreaks weighed on sentiment, with defence and information technology stocks leading the decline.

The blue-chip CSI300 index fell 1.0percent to 4,797.77, while the Shanghai Composite Index lost 0.7percent to 3,567.44.

Some of Wall...