Here Are the Reasons China's Equity Rout Is Getting Even Worse
This article is for subscribers only.
Chinese equities have already lost $3 trillion in market value since January, and hopes for better days ahead are fading.
Anyone counting on a breather in this year’s final stretch got slapped with another 7.9 percent drop for the Shanghai Composite Index so far in October. That sets the gauge up for one of its worst annual performances ever, behind a 65 percent meltdown at the height of the global financial crisis in 2008, and nearing the 22 percent slumps seen in 2011 and 1994. China ranks among the world’s worst places to own shares in 2018.