Jun 26, 2018 08:21 PM

Mainland Stocks Enter Bear Market

An analyst said that
An analyst said that "investors may not be that bearish on the Chinese equity outlook, but they prefer to not to step up until visibility improves over multiple issues.” Photo: IC

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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