China Stocks Follow U.S. Down, But Not Quite as Much

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By Tanner Brown / Aug 15, 2019 10:08 AM / Business & Tech

Photo: IC Photo

When is a 2% stock decline not so bad?

The answer: When you're mainland Chinese stock markets, which opened down by about that much following a trans-Pacific plunge that saw major U.S. indexes shed 3%.

The benchmark Shanghai Composite Index opened down 1.66% at 2,762.34, while the Shenzhen Component Index was down 2.08% at 8,779.53.

This comes after all three main U.S. indexes flirted with 3% falls Wednesday. The S&P 500 ended the day down 2.93%, the Dow 3.05%, and the Nasdaq 3.02%.

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