Chinese shares plunged on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s sliding 1.5%, while other world markets mostly advanced.
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European stocks opened flat. France’s CAC 40 rose 0.2% to 7,538.08, and Germany’s DAX was little changed at 19,070.69. Britain’s FTSE 100 climbed 0.5% to 8,227.54.
The future for the S&P 500 was 0.3% lower and that for the Dow Jones Industrial Average fell 0.2%.
Details of economic stimulus plans from officials in Beijing have failed to live up to lofty expectations that had built up after the central bank and other government agencies announced various policies to help revive the ailing property market and spur faster economic growth. apnews.com
