China major stock indexes fell more than 1 percent on Monday, posting their worst day in three weeks, on worries that slowing credit growth and tightening regulatory requirements will start to weigh on the country’s economy later in the year.
The blue-chip CSI300 index ended down 1.6 percent at 3,808.86, while the Shanghai Composite Index slid 1.5 percent to 3,110.65 points.
Main sectors dropped across the board, led by real estate and banking firms.
First-quarter GDP data on Tuesday is expected to show the economy carried most of its growth momentum from last year into early 2018, with analysts predicting an expansion of 6.7 percent on-year, only marginally softer than the 6.8 percent reported in the fourth quarter, according to a Reuters poll.
Source : Reuters