SHANGHAI: China's runaway stocks rally began losing steam on Tuesday and Hong Kong shares slumped as officials disappointed markets by providing few specific details on plans to bolster China's slowing economy.
Mainland markets roared back from a week-long break, hitting two-year peaks with turnover surging past a trillion yuan inside the first 20 minutes of trade. But the benchmarks were soon off their highs and proxies for Chinese growth slipped across Asia as the stimulus-backed buying frenzy showed signs of cooling.
