China stocks slip on first trading session in 2022 as tech shares weigh

SHANGHAI, - China stocks fell on Tuesday in their first trading session in 2022, as weakness in tech shares offset a rebound in property plays.

The blue-chip CSI300 index fell 0.5%, to 4,917.77, while the Shanghai Composite Index lost 0.2% to 3,632.33 points.

Technology shares led the losses.


Shanghai's Nasdaq-style STAR Market lost 2.4%, while the start-up market ChiNext dropped 1.3%.

Dampening market sentiment, China's cyberspace regulator said it would implement new rules from Feb. 15 that require platform companies with data for more than 1 million users to undergo a security review before listing their shares overseas.

But property shares in China rebounded sharply, as the sector witnesses elevated volatility on debt repayment worries.

China's CSI300 Real Estate Index rose 2.2%.