Mainland Stocks Enter Bear Market
The Chinese mainland’s benchmark equity index on Tuesday spent its first day in a while in bear-market territory as a global stock sell-off amid escalating trade tensions added to domestic liquidity pressures that have made the market one of the world’s worst performers this year.
The index shed 0.52% to close at 2,844.51 on Tuesday. As of Monday, the Shanghai Composite Index was 20.3% off its January high. It is generally agreed that a bear market begins when the benchmark stock index is down more than 20% off a recent high, with a losing trend that has lasted for at least two months.
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