China Risks Spoiling Global Markets Party as Stocks Tumble Again
- Shanghai Composite Index has tumbled 5% from recent high
- Correlation between China, world equities is near zero
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China’s volatile markets are flaring up just as all eyes are elsewhere.
While global risk appetite returned on Monday on the heels of France’s presidential election, shares in China bucked the trend, dropping the most in three months. The Shanghai Composite Index has lost almost 5 percent since its mid-April peak, worse than all other national benchmarks in the world.