Chinese market gloom returns as stimulus trade winds down

Losses in Chinese assets widen again as Beijing’s modest stimulus discourages investors.

The Hang Seng China Enterprises Index of Hong Kong-listed Chinese companies fell more than 6% in four sessions, capping its steepest weekly drop since March. The CSI 300 index of mainland shares fell 2.5% through Wednesday before markets closed for public holidays. Yuan too fell to the weakest since November, with analysts bracing for more declines.