The Chinese Stock Meltdown That Makes the Greece Saga Look Trivial
The bear market by the numbers, below.
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By any standard, the selloff in Chinese stocks over the past month has been epic. Here’s a look at the turmoil by numbers.
The Shanghai Stock Exchange Composite Index has lost 28 percent since its peak on June 12, the worst selloff in two decades. About $3.9 trillion in market valuation has evaporated, more than the total annual output of Germany—the world’s fourth-largest economy—and 16 times Greece’s gross domestic product. The benchmark is still up 82 percent in the past year, the most among the world’s major markets.