China’s equity market, having ceded its position as the world’s second-largest to Japan, continues to lose value and is now worth five times that of Apple Inc.
At its peak in 2015, China’s market cap was more than $10 trillion. It’s almost halved in size since then, to $5.73 trillion as of Tuesday. That’s 5.3 times Apple’s $1.08 trillion value, the lowest ratio since 2012, data compiled by Bloomberg show.
