The Federal Reserve's interest rate cut bet on cooling

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      China's stock market closed down Tuesday, following an overnight decline in the U.S. stock market after strong U.S. employment data weakened expectations of a positive rate cut by the Federal Reserve.
This week, Kechuang launched a series of new stock issuance, which also depressed popularity.
The Shanghai-Shenzhen 300 index. CSI300 closed down 0.25% at 3,793.13 and the Shanghai Composite Index. SSEC closed down 0.18% at 2,928.23.
After the U.S. released stronger-than-expected employment data last week, markets around the world withdrew their expectations of a 50-basis-point cut in interest rates by the Federal Reserve later this month.
The Shanghai-Shenzhen 300 index. CSI300 closed down 0.25%, the Shanghai-Shenzhen 300 financial real estate index fell 0.44%, the main consumption index of the Shanghai-Shenzhen 300 closed down 0.01%, the Shanghai-Shenzhen 300 real estate index closed down 0.37%, and the Shanghai-Shenzhen 300 medical and health index closed down 0.28%.


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