China Stocks Swing Wildly in Chaotic End to Worst Week in Years
- Chinese benchmarks tumble before paring losses on Friday
- Shanghai Composite posts biggest weekly decline since 2018
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A sense of panic gripped Chinese investors on Friday as shares swung sharply in the final hours of trading before closing at a five-year low.
Traders couldn’t pinpoint any fresh news behind the moves but cited concerns about forced sales by leveraged shareholders as among reasons for the sudden acceleration of losses in onshore markets.