Posted 2/5/2024, 4:49:00 AM
Chinese Stocks Plunge to 5-Year Lows After $6 Trillion Wiped Out
- Chinese stock market has plunged, with the Shanghai Composite Index hitting a 5-year low after its worst week since 2018
- Shenzhen stock market also tumbled over 8% last week
- Thousands of angry Chinese investors venting on US Embassy's Weibo account, pleading for help
- Chinese regulators pledged to prevent "abnormal fluctuations" but offered no specifics
- About $6 trillion in market value wiped out from Chinese and Hong Kong markets over past 3 years