China Stocks Are Tumbling Again. Unlike 2015, World Doesn't Care
- Rout wipes out $560 billion from country’s stock market
- Shanghai benchmark now near most oversold level since 2013
China, Others Face Crisis in 1-3 Years, Says Steve Keen
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Global investors are still shaking off a rout that’s erased more than $560 billion from the value of Chinese equities, making them the world’s worst performers since mid-April.
Below are four charts showing just how deep the pain has spread in China’s mainland. Outside of the nation’s borders, investors are indifferent to the weakness in the second-largest equity market after the U.S. The MSCI All-Country World Index is near a record and the VIX Index, the so-called fear gauge for U.S. stocks, is close to its lowest level since 1993.