Chinese Stocks Just Got Obliterated
MIKE BIRD
BusinessInsider.com
JAN. 19, 2015
Shanghai’s composite index of the biggest stocks in China just had its worst day since the middle of 2008, when the financial crisis was still getting into full swing.
The index, which was a world-beater last year, just had all of its gains so far this year wiped out in just a few hours: Stocks were down by 7.7% at the close, after dropping by as much as 8.3% during the session.
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