China stock rout may worsen, as analysts warn of prolonged losses
They say the selling is likely to go on as factors like trade tensions, bond defaults and deleveraging worry investors
Add BT as a preferred sourcePublished Tue, Jun 26, 2018 · 09:50 PM
Hong Kong
CHINESE stocks sunk into a bear market Tuesday, and analysts expect losses to deepen as concerns over China's economy, yuan weakness and a trade feud with the US continue to rattle investors.
The Shanghai Composite Index closed at 2,844.51 points, 20 per cent below a January high, denoting a bear market. A Hang Seng measure of Chinese companies in Hong Kong is down 19 per cent from five months ago. The yuan weakened 0.3 per cent to its lowest since Dec 28.
Here's what some analysts have to say about the performance of China's stocks:
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