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Chinese stock indices faced a decline, with the SSE Composite Index falling 0.44% to 3,226.7697 CNY, reflecting a subdued sentiment among investors.
Hang Seng Index dropped by 1.61% to 19,134.19 HKD, with Tech and Healthcare stocks leading declines. The Healthcare Industry Index fell by 2.62%, showing broad-based losses.
Chinese stock markets closed lower, with the CSI 1000 Index dropping 0.82% and the SZSE Composite Index falling 0.72%, reflecting a broad downturn across indices.
The Hang Seng Index fell by 0.89% to 19,428.12 HKD, with the Hang Seng Tech Index dropping 0.99%. The Hang Seng China Enterprises Index also declined 0.98% to 6,958.53 HKD.
Chinese markets closed lower as the SSE Composite Index dropped 0.52% to 3,242.8861 CNY, while the CSI 1000 Index led losses with a 1.54% fall to 5,889.7415 CNY.
The drop in CIMB's share price comes amid a challenging economic environment, characterized by rising interest rates and inflationary pressures that have affected investor sentiment. Analysts note that the financial sector is facing headwinds, including increased competition and potential loan defaults, which could impact profitability.