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China Gets Hit Hard In Stock Market Slide
The major indexes in China plunged more than 8 percent on Monday in a dramatic slide that saw China get hit with their biggest lost in eight years. China’s equity markets fell 1.7 percent on Tuesday and CSI300 index of the largest listed companies in Shanghai and Shenzhen dropped 0.2 percent.
The China Securities and Regulatory Commission has made efforts to strengthen and stabilize the stock market through injections of cash and buying of shares, but so far the volatility in the market remains high. After an enormous hit to the China’s markets in June, they did begin to stabilize in mid-July after China’s central bank formed stabilization funds, cut interest rates, and lifted certain restrictions.
This latest hit shows that speculation remains, and there are strong fears amongst global investors about the overall health of the Chinese economy which is causing potential investors to cut back on their investments in China.
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