China Stock Market News: Shares Continue To Fall For Three Days In A Row; Analysts Calling It The Worst Phase Since 2013
Vinay Patel | | May 07, 2015 11:04 AM EDT |
The Chinese Stock Market registered a fall of 2.77 percent on Thursday, continuing the streak of bad news of investors for almost three days; however, analysts are still confident that the market will bounce back
According to reports on FT.com, the stock market in China continued to experience its worst phase in the last two years as the share prices continued their downwards leap. In just three days, since the market opened this week, the composite stock index fell by nine percent. Individually, the shares plunged further by 2.77 percent, according to Xinhuanet.com. The massive losses in the last three days have emerged as a major cause of concern as traders have lost loads of money in the short span of time. Additionally, the Chinese economy is also experiencing a phase of slowdown that further dampens the interest of investors.
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Seven years ago, on the 28th of April, the Chinese stock markets registered a massive growth figure that became a hot topic of discussion across the region. Ever since, the country's economy has also grown by leaps and bounds; however, of late, it is said that the recent development of events have cast a shadow of doubt on this potential growth that was once being looked upon as the unique selling proposition for investors in China. Equity analysts, on the other hand, are indicating that the bearish trend in the market is not going to stay for long.
They are confident that the markets will bounce back soon. In fact, reports are also rife that growth is expected to get back on track within a month's time. Even the MCSI Chinese index, a platform that is accessible to investors across the globe, was downgraded in the recent ratings announced by Morgan Stanley. Though these ratings indicate that the stock markets have frown over 44 percent in the last few months, the overall figure still continues to be 7 percent less than the meteoric success that the economy experienced seven years ago.
TagsChina Stock Market News, Chinese Stocks, China Stock Market News, Chinese Stocks, financiak, Financial news, china market
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