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China Shares Sink Most Since 2016 as 1,000 Stocks Fall by Limit

  • Shanghai Composite falls to lowest since November 2014
  • Tech shares lead drop in Hong Kong, with Tencent sliding 6.8%
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China Shares Are Having a Very Bad Year
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Even for the world’s worst-performing stock markets, Thursday’s losses were extreme.

China’s benchmark equity gauge closed 5.2 percent lower, the biggest loss since February 2016, as a global sell-off spread. More than 1,000 stocks fell by the daily limit, or more than one in four. The Shanghai Composite Index ended below 2,600, a level not even breached during market crashes in 2015 and 2016.