(Bloomberg) — A sense of panic gripped Chinese investors on Friday as shares swung sharply in the final hours of trading before closing at a five-year low.
Traders couldn’t pinpoint any fresh news behind the moves but cited concerns about forced sales by leveraged shareholders as among reasons for the sudden acceleration of losses in onshore markets.
A subsequent rebound, which coincided with net flows from overseas investors turning positive for the day, couldn’t stop the CSI 300 Index from ending the week with a 4.6% loss — its biggest since 2022. The Shanghai Composite Index lost 6.2% in its worst week since 2018.
finance.yahoo.com/news/china-stocks-swing-wildly-chaotic-070653253.html?fr=yhssrp_catchall
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