Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2497
    -0.0014 (-0.11%)
     
  • Bitcoin GBP

    51,268.54
    -370.69 (-0.72%)
     
  • CMC Crypto 200

    1,332.69
    -63.84 (-4.41%)
     
  • S&P 500

    5,105.73
    +57.31 (+1.14%)
     
  • DOW

    38,289.17
    +203.37 (+0.53%)
     
  • CRUDE OIL

    83.69
    +0.12 (+0.14%)
     
  • GOLD FUTURES

    2,352.00
    +9.50 (+0.41%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

China's Market Plunge -- The Numbers

8.5%

The Shanghai Composite Index ended down 8.5% at 3725.56, its second-straight day of losses and worst daily percentage fall since February 27, 2007. The smaller Shenzhen Composite fell 7% to 2160.09 and the ChiNext, composed of small-cap stocks and sometimes known as China’s Nasdaq, closed 7.4% lower at 2683.45.

28%

Since the Shanghai Composite peaked in June, it has lost 28% of its value. Massive intervention by authorities in Beijing engineered a rebound for the country’s stock markets earlier this month, but Monday’s selloff eroded much of that recovery.

15%

Despite Monday’s losses, the Shanghai Composite is still up 15% year-to-date. The Shenzhen market benchmark is up 53%, while the ChiNext board remains up 82% since the start of the year.

ADVERTISEMENT

13

Of the 1,114 stocks in the Shanghai Composite, 13 closed higher on Monday.

126

Although hundreds of stocks have resumed trading since the market bottomed earlier this month, 126 stocks on the Shanghai Composite are still halted.

10%

China’s market rules prevent share prices from moving freely once they rise or fall by 10%. More than two-thirds of the stocks in the Shanghai Composite, or about 765 companies, hit their down limit on Monday. Those limits prevented hundreds of stocks from logging sharper declines, though they can also make it harder for investors to exit positions.

$6.43 Billion

International investors have been ditching Chinese stocks for the past few weeks, spooked by widespread share suspensions that locked up capital. Investors sold stocks during 13 of the past 16 trading sessions via the Shanghai-Hong Kong Stock Connect, a trading link connecting the two cities that launched in November. Cumulative outflows now total 39.9 billion yuan, or U.S. $6.43 billion.