[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Israeli Strikes On Iran Ongoing Through Friday As Death Toll Surpasses 100

From Torah to trauma: A Satanic child abuse scandal blows up in Israel

MAGA Influencer Calls to Deploy Palantir on LA Streets

Egypt detains nearly 200 foreigners who flew in to join Gaza march

FLASHBACK - How Mayor Daley dealt with looters!

Scammers Use AI Bots to Impersonate Students, Stealing Millions in Financial Aid

Bilderberg 2025 begins. Global elites gather in Stockholm. AI, migration, and national security dominate

I Wish We All Could Leave California (Beach Boys Parody)

Exclusive: US slams UN conference on Israel-Palestinian issue, warns of consequences

Brilliant & Critical Insight!

Legal Immigrants Shift to GOP on Immigration, Shows 40-Point Swing from Democrats

American fuel tankers were spotted REFUELING ISRAELI JETS over Syria.

Does Western Civilization Have Enough Belief to Continue to Exist?

Trump CLEARLY KNEW of Israel's Plan To STRIKE IRAN

Trump Warns 'Even More Brutal' Attacks Coming Without Nuclear Deal

10 Supplements That Fight Inflammation

CNN Security Analyst Defends Agents Who Removed Senator Padilla From Kristi Noem Presser

Florida sheriff warns rioters: 'We will kill you graveyard dead'

DEMOCRATS' NIGHTMARE: Viral Video Shows Why They LOST The Election!

Israeli strikes on Iran. Five Waves. Might last 2 weeks?

Images Emerge Of Tehran Destruction After Major Israeli 'Preemptive Attack'

This Is What Happens Next After Israel Bombs Iran’s Nuclear Facilities…

Smartmatic accused of deleting evidence in 27 Billion Fox News Defamation Case Court Docs

White House Fears Iranian Response To An Attack Could Overwhelm Israel's Air Defenses

The Money and Power Behind the Riots: This is No Grass-Roots Movement

D.C. Judge Sides With Trump In Lawsuit Over Control Of Corrupt Foreign Aid Agency

Israel Iran Double Standard

Soros Funneled $8.3M into Leftist Group Trying to Turn Lone Star State Blue

California Democrats Under Fire for Buying Bricks During Protests

ICE Launches Campaign to Crack Down on Marriage Fraud Could Ilhan Omar Finally Face Justice?


World News
See other World News Articles

Title: The Chinese Stock Market Appears to be in Free-Fall
Source: [None]
URL Source: https://www.newsweek.com/china-stock-market-free-fall-1860933
Published: Jan 16, 2024
Author: Staff
Post Date: 2024-01-16 19:32:21 by Horse
Keywords: None
Views: 52

After a rocky couple of years for the Chinese economy, the country's stock market appears to be in free fall now, with authorities asking institutional investors not to sell stocks in an attempt to stabilize share prices as foreigners are pulling out.

On Monday, Chinese equities dipped after the country's central bank decided to keep its medium-term policy rate unchanged at 2.5 percent, failing to cut interest as was widely expected by investors. The country's CSI 300 was at its lowest level since 2019, a record only previously beaten in October 2023.

Today, the index was up by 0.006 percent compared to Monday, while it was down by 25.64 percent compared to a year before. The global markets, on the other hand, have surged in the past year, with the S&P 500 skyrocketing 24 percent in 2023, hitting an all-time high.

While the CSI 300 consistently sank through the past year, the MSCI World index—which covers large- and mid-cap representation across 23 Developed Markets (DM) countries—started steadily rising from the beginning of the second quarter of 2023.

The FTSE China 50 index—a real-time tradable index comprising 50 of the country's largest and most liquid stocks—has plunged by 1.77 percent between Monday and Tuesday as part of a long-term large decline over the past six months. Compared to one year ago, the index is down by 29.24 percent

Post Comment   Private Reply   Ignore Thread  



[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]