After a rocky couple of years for the Chinese economy, the country’s stock market appears to be in free fall now, with authorities asking institutional investors not to sell stocks in an attempt to stabilize share prices as foreigners are pulling out.
On Monday, Chinese equities dipped after the country’s central bank decided to keep its medium-term policy rate unchanged at 2.5 percent, failing to cut interest as was widely expected by investors. The country’s CSI 300 was at its lowest level since 2019, a record only previously beaten in October 2023.
Today, the index was up by 0.006 percent compared to Monday, while it was down by 25.64 percent compared to a year before. The global markets, on the other hand, have surged in the past year, with the S&P 500 skyrocketing 24 percent in 2023, hitting an all-time high.
