China stocks snap winning streak on tepid recovery, sentiment

SHANGHAI, Jan 2 (Reuters) – China stocks dropped on the first trading session of the new year, snapping a three-session winning streak, as latest data signalled uneven economic recovery while business confidence for 2024 appeared to be subdued. ** The blue-chip CSI 300 Index lost 1.1%, and the Shanghai Composite Index slipped 0.2% by the midday recess on Tuesday. ** Hong Kong’s Hang Seng Index fell 1.5%, and the Hang Seng China Enterprises Index went down 1.6%. ** The broader Asian shares started the trade on a steady footing, as investors returning after a holiday lull looked ahead to fresh trading catalysts from key economic releases later in the week. ** A private-sector survey showed China’s factory activity expanded at…