Chinese Stock Trading Plummets in New Sign of Waning Confidence
- Onshore benchmark CSI 300 Index is down more than 3% this year
- Trading volume in Hong Kong has also been contracting
This article is for subscribers only.
Share transactions in China shrank to their lowest level in over four years, as a local bond rally hit fever pitch in a weakening economy.
Turnover on the Shanghai and Shenzhen bourses fell to a combined 496 billion yuan ($69.1 billion) on Monday, the thinnest since May 2020. That was also the lowest versus China’s entire market capitalization since late 2019.