Share
Chinese stocks: it’s utter carnage

Chinese stocks: it’s utter carnage

Chinese stocks: it’s utter carnage David Scutt Oct. 11, 2018, 9:12 AM 0 facebook linkedin twitter email print An extreme cycling enthusiast performs a stunt before falling into the East Lake in Wuhan, Hubei province, China. (Photo by Wang He/Getty Images) If you thought the losses on Wall Street were massive overnight, take a look…


Chinese stocks: it’s utter carnage

china upside down An extreme cycling enthusiast performs a stunt before falling into the East Lake in Wuhan, Hubei province, China. (Photo by Wang He/Getty Images)

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 February 25, 2016.

More: China

FinanceEmails & Alerts

Get the best of Business Insider delivered to your inbox every day.

Sign-Up

Read More