Most Asian stocks retreated on Thursday amid continued concerns over rising interest rates and slowing global economic growth, although optimism over more Chinese stimulus measures helped limit some losses.
Chinese losses limited as state banks cut deposit rates
China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes moved in a flat-to-low range, while Hong Kong’s Hang Seng lost 0.3% after the country’s biggest state-owned banks were seen cutting rates on yuan deposits.
