Asian Stock Markets Plunge Amid Concerns Over Chinese Economy

Uncertainty over China's economic outlook triggers widespread selling, impacting global markets.

Asian stock markets, including Hong Kong's benchmark and Tokyo's Nikkei 225, experience significant drops due to uncertainty over Chinese markets.
The Bank of Japan is reportedly preparing to end its longstanding negative interest rate policy, causing the dollar to weaken against the yen.
Tech and property stocks in China are seeing heavy selling, with companies like Meituan and Tencent experiencing losses.
Economists predict China's annual growth for the last quarter will be 5.3%, up from 4.9% in the previous quarter.
IMF head Kristalina Georgieva warns that China might face a significant decline in growth rates, potentially falling under 4%, unless it enacts reforms to spur more spending.