With little sign that authorities are planning to go big on policy support, doubts are rising once again about whether a bottom has yet to be seen for the market. The Hang Seng China Enterprises Index of stocks slumped 2.8% on Friday, taking its July loss to over 10% — its worst monthly performance in a year. Tech and property shares led the broad sell-off after a lack of fresh stimulus at the China’s Politburo meeting left markets disappointed. The crisis in the property industry also escalated this month as more buyers revolted against mortgage payments on unfinished homes. Country Garden Holdings Co — China’s largest builder, and Alibaba are among the worst performers on the HSCEI gauge this month.
