Chart of the Day: Mainland Stocks Worth About Five Apples
The Chinese mainland stock market has continued to lose value and is now only worth 5.3 times smartphone-maker Apple Inc.’s market capitalization.
![]() |
Graphic: Gao Baiyu/Caixin |
On Wednesday, the Chinese mainland’s total stock market capitalization stood at $5.79 trillion, while Apple’s market value climbed to $1.09 trillion in the wake of the launch of its latest iPhones.
The mainland’s stock market slid into bear territory in June amid weak domestic growth and ongoing trade frictions with the U.S. Its current market capitalization is worth about half of its peak value of more than $10 trillion in June 2015.
Earlier this week, Hong Kong stocks also entered a bear market. The benchmark Hang Seng Index is down more than 20% from a recent high in January.
Contact reporter Charlotte Yang (yutingyang@caixin.com)
-
Mar 02 05:33 PM
-
Mar 02 02:05 PM
-
Mar 01 07:02 PM
-
Mar 01 07:00 PM
-
Mar 01 05:03 PM
-
Mar 01 01:08 PM
-
Feb 26 07:07 PM
-
Feb 26 06:51 PM
-
Feb 26 06:48 PM
-
Feb 25 05:43 PM
-
Feb 25 05:26 PM
-
Feb 25 01:02 PM
-
Feb 25 11:02 AM
-
Feb 25 09:06 AM
-
Feb 24 07:00 PM
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas