China Misses Out on Everything Rally With Economy in Doldrums
- Benchmark CSI 300 Index caps a fourth straight month of losses
- Weak economy, property sector’s troubles weigh on sentiment
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Stocks in mainland China emerged as an outlier amid the broad November rally in global markets, with the market extending its run of losses owing to persistent investor concerns about the economic recovery.
The CSI 300 Index slid 2.1% in November, the worst performance among the world’s major equity benchmarks. The gauge capped a fourth straight month of losses on Thursday and is trading near a 2023 low reached in October. Its dismal performance stands in sharp contrast to the MSCI All-Country World Index’s surge of almost 9% this month, fueled by bets that the Federal Reserve is done raising interest rates.