Foreign investors staged the longest sell-off in Chinese stocks, Bloomberg reported. The securities of Chinese companies have been selling for four consecutive months; In November, the Chinese CSI 300 index showed the worst result among the world’s main indices.
Foreign investors sold Chinese stocks for four consecutive months, marking the longest sell-off in the Chinese stock market. Bloomberg reported this.
In November, China’s CSI 300 stock index fell 2.1%, the worst performance among the world’s major indices. The CSI 300 tracks the 300 largest companies listed on the Shanghai and Shenzhen Stock Exchanges and is the second largest stock market in the world.
The drop in the Chinese stock market was due to investor disappointment over the pace of China’s economic recovery, as well as Chinese companies’ third-quarter earnings and their future earnings forecasts.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
