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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese stocks have plummeted to their lowest levels since January 2019, reflecting a significant loss of investor confidence in the country's economic recovery. The Shanghai Composite Index has dropped 9.1% in 2024 and is now well below its Covid-19 lows. The CSI 300 index has also reached its lowest point since early 2019. This downturn marks the fourth consecutive year of decline for the Chinese stock market, with major companies like Alibaba, JD, and Tencent showing substantial drops in corporate value.
Unless there is a year-end rally, the Chinese stock market is on track for the fourth down year in a row. This is exceptionally rare for any global market. Several key names — Alibaba, JD, Tencent, etc — show just how much corporate value creation fundamentals (FCF per share in… https://t.co/knocFuI7ca
and no $KWEB under 23... come on Chicoms get that stock market in the big poo land already! https://t.co/jrEEgkNBxb
Chinese stocks hit a new low https://t.co/nCRHRG6sn0
