(Bloomberg) China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, before a stock boom that turned into a $5 trillion bust. The Shanghai gauge dropped 1.1 percent to 2,651.79 at the close, below its January 2016 closing low. Back then, officials had just introduced and then hastily scrapped a disastrous circuit-breaker program as they grappled with one of the market’s worst-ever routs.
China’s Stocks Drop to Lowest Level in Nearly Four Years
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