Home News China Focus

Relentless selling in China stocks evokes memories of 2008 crash

Bloomberg
Bloomberg3/15/2022 04:53 PM GMT+08  • 4 min read
Relentless selling in China stocks evokes memories of 2008 crash
"When faith is gone, people are ready to see a dark shadow in everything."
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral.

The Hang Seng China Enterprises Index, which tracks Chinese shares listed in Hong Kong, sank 6.6%, following a plunge in the previous session that was the biggest since the global financial crisis. Tech giants Alibaba Group Holding and Tencent Holdings led the decline. The benchmark Hang Seng Index slumped 5.7%, its biggest fall since July 2015.

China’s equities are looking increasingly risky on concerns that Beijing’s ties with Russia could spark new US sanctions. That’s adding to worries from regulatory developments including a possible delisting from the US exchanges. While upbeat economic data was a rare bright spot in the market, growing lockdowns in major Chinese cities are dimming the outlook.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now