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Chinese stocks: it’s utter carnage





china upside down

If you thought the losses on Wall Street were massive overnight, take a look at the scoreboard below of how Chinese stocks were faring at various points on Thursday:

  • Shanghai Composite 2,583.46, −142.38, -5.22%
  • SSE50 2,390.50, -103.55, -4.15%
  • Shenzhen Composite 1,306.69, -5.52%
  • CSI300 3,150.21, -4.00%
  • CSI500 4,350.11, -6.04%
  • Hang Seng 25,437.85, -3.83%
  • USD/CNY 6.5973, 0.12%
  • USD/CNH 6.9389, 0.22%

Utter carnage, right?

The benchmark Shanghai Composite Index has tumbled 5.22% to 2583.46 by 9 a.m. Thursday, London time, leaving it at the lowest level in four years.

It’s now lost 27.3% from the year-to-date high struck on January 29, and is currently on track to record its largest one-day percentage decline since read more >>>

Source:: BusinessInsider.Com

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