China's CSI 300 enters bear market with 10th consecutive weekly decline
BABA Alibaba Group Holding Ltd ADR
$104.41 -3.87%
View chart & analysis → - 1The CSI 300 has entered bear market territory, recording a 20% decline from its June peak.
- 2The CSI 300 has fallen for 10 consecutive weeks, showing a 2.6% decline so far this week.
- 3China has undergone a period of over three years of lowest growth for the world's second-largest economy in the second quarter.
So what's the key point?
The CSI 300, a representative index of the Chinese stock market, has continued to fall for 10 weeks. Stock prices have dropped by 20% as economic growth has remained at low levels for over three years.
Source CNBC +1 · View original ↗
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