Conflict in the Middle East has cast a fresh cloud over China’s battered stock market, driving down exposed stocks – especially those linked with infrastructure projects in the region – as investors peppered companies with queries on the fallout.
Clashes between Israel and the Palestinian Islamist group Hamas have claimed more than 1,500 lives since Hamas’ surprise strike on Saturday and have spurred a rally in oil and gold prices and selling in riskier assets as global investors turn cautious that the conflict could spread. China’s benchmark index fell for a second session on Tuesday, despite signs of a domestic economic recovery and gains on Wall Street,