China Stock Selloff Pauses After $446 Billion in Value Wiped Out

The Shanghai Composite Index and the Shenzhen Component Index displayed on a stock ticker in Pudong’s Lujiazui Financial District in Shanghai on Jan. 30. Photo: Bloomberg

(Bloomberg) — A rout in Chinese stocks paused after a $446 billion wipeout in value for mainland shares this month, but a meaningful rebound may be hard to come by as geopolitical tensions simmer.

The benchmark CSI 300 Index ended little changed Wednesday. The MSCI gauge of Chinese shares advanced as much as 1.6% after a six-day slide, though it’s still headed for its worst April since 2004. The offshore yuan rebounded from an almost seven-week low versus the dollar.