Chinese Stocks in the US Are Lagging S&P 500 By Most Since 2021
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No matter where they trade, things are looking pretty bad for Chinese equities.
While a gauge of the nation’s shares listed in Hong Kong is heading for a bear market, the Nasdaq Golden Dragon China Index in the US is trailing the S&P 500 by more than 17 percentage points this quarter. That’s set to be its worst performance since the end of 2021, when Chinese regulators asked Didi Global Inc. delist from US bourses, renewing worries over their crackdown on the tech sector.