Chinese Stocks Head for Steepest Monthly Loss in Two Decades

China’s stocks headed for their biggest monthly loss since 1994 amid waning confidence in the government’s ability to manage the country’s markets and economy.

The Shanghai Composite Index, which added 0.1 percent to 2,658.91 at 9:32 a.m., has plunged 25 percent in January. Stocks entered a bear market this month as data showed weakening growth momentum and capital outflows surging to an estimated $ 1 trillion last year. Losses were exacerbated by a circuit-breaker program, which was jettisoned after only four days following a plunge in shares.

Source: Bloomberg

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China Stocks Rise to Halt Worst Five-Day Rout in Two Decades

China stocks rose, halting the benchmark index’s steepest five-day rout since 1996, as technology and industrial companies led gains.

The Shanghai Composite Index climbed 2.3 percent to 2,994.40 at 9:32 a.m. local time. The five-day, 23 percent plunge dragged down valuations to the lowest levels in eight months. Asian stock markets rebounded after U.S. stocks rallied the most in five years.

Source : Bloomberg

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