It was Bloody Monday on China’s markets, and here’s how the biggest companies fared [MarketWatch]
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Source: MarketWatch
It was Bloody Monday on China’s markets, and here’s how the biggest companies fared Mainland Chinese markets fell sharply — as expected — on Monday, after a trading break since Jan. 23 and the rapid emergence of the coronavirus outbreak. The CSI 300 000300, -7.88% , which gives a snapshot of the top 300 stocks on the Shanghai and Shenzhen exchanges, fell 7.8%. The benchmark Shanghai Composite Index SHCOMP, -7.72% fared nearly identically, with a 7.7% daily decline. That was its worst single-day tumble in nearly five years. The smaller Shenzhen Composite Index 399106, -8.41% fell 8.4%. Beijing’s announcement of several measures to support the anticipated stock-market bloodbath did little to help most sectors. Nearly all of mainland China’s biggest market-capitalization stocks fell Monday — in fact, more than 80% of listed companies fell past the 10% trading limit that the two mainland bourses impose. But some fared worse than others. Here’s a brief look at a few leading sector
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