Chinese Stocks Plunge in Worst End to Lunar Year on Record

(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Panic coursed through the world’s second-largest equity market as investors sold stocks on concern a deadly virus will worsen over China’s week-long trading break.The Shanghai Composite Index settled 2.8% lower after the close of trading, the worst end to a Lunar Year in its three-decade history. More than 90% of the mainland’s 4,000 stocks fell on volumes that were 20% above average, with foreign traders selling a record $1.7 billion worth of the shares via links with Hong Kong. The …read more

Source:: Yahoo Finance

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