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Stock Market Today: Boeing Woes Weigh on Dow Futures

·1 min

It is a new year, but Chinese stocks continue to struggle, extending 2023’s losses. Investors face multiple concerns amid the general economic gloom. Last year, the detention of several business leaders unsettled investors, and news of a key executive’s detention at Evergrande’s electric-vehicle unit further dampened market sentiment. Additionally, a Chinese shadow-banking giant filing for bankruptcy and tensions ahead of Taiwan’s presidential elections increase investor anxiety. Tensions have escalated between Beijing, Washington, and Taiwan, which China claims as part of its territory.