Chinese stocks are melting down again after worst week in years ...Middle East

CNN By Anna Cooban, CNN London (CNN) — Chinese stocks have had a very bad week. Despite recent attempts by Beijing to shore up confidence in the economy and stem a protracted stock market slump that has wiped out $6 trillion in value in three years, investors are still rushing for the exit. The Shanghai Composite index fell 6.2%, its biggest weekly loss since October 2018, while the Shenzhen Component index shed 8.1%, its largest drop in three years. The indexes have lost more than 8% and 15% respectively since the start of the year. China’s blue-chip CSI 300 index, comprising 300 major stocks listed in Shanghai and Shenzhen, also fell 4.6%, notching its worst week since October

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Last updated : 02 February 2024 clock 04:53 PM

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Chinese stocks are melting down again after worst week in years ...Middle East

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