China's Key Stock Gauge Plunges to Oversold Territory Amidst Weak Sentiment

China's CSI 300 Index, the country's benchmark stock gauge, has reached an oversold level as investor sentiment weakens due to Beijing's market rescue measures failing to impress and concerns over the nation's struggling economy. The index dropped to its lowest level since February 2019, with its 14-day relative strength index falling below 30, indicating that the market may have declined too rapidly.