Taking a gamble: Visitors taking photos outside the Wynn casino resort. Macau casino stocks plunged last week ahead of an expected tightening of gaming industry regulations. — AFP
HONG KONG: Chinese stocks suffered their worst week in a month as Beijing’s move to tighten the screws on Macau casinos and fears of a potential collapse of China Evergrande Group underscored the risks of investing in the nation’s equities market.
A soft rebound last Friday was small consolation for investors, with Hong Kong’s Hang Seng Index (HSI) and the mainland’s CSI 300 gauge still ending the week down more than 3% each.
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