China’s stock collapse in the last couple of weeks has been as dramatic as its previous surge was. Despite logging its biggest one-day rise since 2009 on Thursday, the previous 17 days saw the index collapse by 32.1%.
Given the overall size of the Chinese stock market, that means tremendous amounts of market value was lost. In fact, according to a note from Bank of America Merrill Lynch analysts on Thursday morning, $2 trillion (£1.30 trillion) was wiped off the Shanghai Composite, the country’s benchmark stock index…. READ MORE
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