Monday, 2 January 2017

China stock markets among world's worst in 2016

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China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the world this year. Starting with a botched attempt to reduce volatility that instead triggered a spectacular meltdown, Chinese bourses have spent the year struggling against feckless policymakers, massive capital flight and a languishing currency. The benchmark Shanghai Composite Index (SCI) closed today down 12.3 percent for the year, compared to a rise of 0.4 for Japan's Nikkei 225, while Hong Kong's Hang Seng index also rose 0.4 percent. China was vying with debt-ridden Portugal for last place among the 40-plus countries tracked by Wall Street Journal's Market Data Center.

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