China Stocks Enter Bear Market, Erasing Gains From State Rescue

Updated on
  • Shanghai Composite drops more than 20% from December high
  • Some banks won't accept small-cap stocks as collateral

Shanghai Composite Enters Bear Market

Chinese shares fell into a bear market for the second time in seven months, wiping out gains from an unprecedented state rescue amid waning confidence in the government’s ability to manage the country’s markets and economy.

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