Major Chinese Index Falls 7.4%
ThinkstockA correction may have hit the white-hot Chinese stock market, which has been fueled, it is supposed, by individual investors eager to increase their net worth. The SSE Composite Index dropped 7.4% yesterday. The index was up over 50% year…
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A correction may have hit the white-hot Chinese stock market, which has been fueled, it is supposed, by individual investors eager to increase their net worth. The SSE Composite Index dropped 7.4% yesterday. The index was up over 50% year to date before the crash, compared to a 1% gain in the S&P 500 over the same period.
The index has, as components, some of China’s largest companies, including the Bank of China, China Petroleum, Air China and SAIC Motor.
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