Caixin
Sep 12, 2018 07:38 PM
DAILY CHART

Chart of the Day: Bear Market Grips Hong Kong Stocks

Hong Kong’s Hang Seng Index entered a bear market on Tuesday after the benchmark finished the day down more than 20% from a recent high in January.

The index closed at 26,422.55 on Tuesday, plumbing a low not seen since July 2017.

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Graphic: Gao Baiyu/Caixin

A stock market typically enters a bear market after it falls more than 20% from its recent high. This year’s plunge in the Hang Seng mirrors the drop in the Chinese mainland’s benchmark Shanghai Stock Exchange Composite Index, which has been in a bear market since June. Index compiler MSCI’s flagship emerging markets index entered a bear market in August.

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