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Chinese shares plunged on Wednesday, with Shanghai’s benchmark down 6.6% and Hong Kong’s sliding 1.5%, while other world markets mostly advanced. European stocks opened flat. France’s CAC 40 rose 0.2% to 7,538.08, and Germany’s DAX was little changed at 19,070.69.

Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors sought to profit from a blistering rally, which was dampened by the lack of powerful stimulus measures to revive the economy. Benchmark indexes in China notched their biggest daily losses since the COVID-19 pandemic began, despite the announcement of a finance ministry press conference on Saturday to detail plans on fiscal stimulus. The Shanghai Composite index slid 6.6% to 3,258.86 points, while the blue-chip CSI300 index declined 7.1% to 3,955.98 points.

A new logo builds on a recent reinvigoration that has seen the brand shift from a positioning around the extreme toward “energizing refreshment.”

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