China’s Stock Market Tumbles and Post-Election Taiwan
External Podcast: Visit Digging-to-China.com to listen
Segment 1: China’s Stock Market Makes History
If you think you’ve got it bad because of the recent market decline in the U.S., you should take a look at Chinese stock investors. By the end of the first quarter, China’s main market, the Shanghai Stock Exchange, had tumbled about 43% since its peak in October of last year. That’s quadruple the decline over the same period for the Standard & Poor’s 500-stock index, which has lost 11%. Worse yet, China’s markets are relatively new, and investors are inexperienced. Many of those losing money got in just in the past year, buying near the peak and now suffering deep losses. What is going on?
Guest: Robert Sherretta, President, International Investors, Inc.
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