Traders Rocked by Trillion-Dollar Swings in China’s Wild Week
- Investors on tenterhooks for China to back words with actions
- Market veterans struggle to keep pace with torrent of news
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From record plunges to dizzying rallies, China’s stock market just capped its most volatile week in decades.
It all began with panic selling amid a slew of negative catalysts: from reports that Russia sought military aid from Beijing, to heightened fears over the delisting of Chinese equities in the U.S., the rapid spread of Covid-19 on the mainland and more regulatory penalties for technology giants.