It's a Long Way Down for China Stocks Channeling Past Traumas
- Shanghai Composite tumbles on Thursday to lowest since 2014
- Investors are worried about margin calls, economic outlook
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Three years after China’s equity bubble burst, the country’s investors are once again reeling from losses.
More than $3 trillion has been wiped out since January, all of France’s stock market capitalization and then some, as Chinese shares tumble the most in the world. Private companies are struggling with liquidity concerns, the economic outlook is slowing as a trade war with the U.S. deepens, and a weakening yuan is starting to prompt capital outflows.