By Cameron Samuel via Iris.xyz
In the last six months, the Chinese stock market has lost $3 trillion since the beginning of the trade war with the U.S. China’s benchmark index (Shanghai Composite Index) is now trading at 50% below its highs of 2015. Currently sitting at 2,548 points, the index reached the 5,166 level back in 2015.
Since the beginning of this year, the index has lost 22.93% and in the past 12 months, the index has dropped 24.41%. To compare, the Sensex (Bombay stock exchange) has made gains of 29.20% in the last three years. The Nifty has also gained 28.50% in the same time. The gains made by these other indexes highlights the severe underperformance of the Shanghai Composite Index.
China’s markets have been plummeting this last week, with no signs of respite just yet. Investors are awaiting more information surrounding the U.S trade war is made known. This week’s decline followed a week of drops that brought the Shanghai Composite down to low levels that had not been seen since 2014.