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[E182]Chinese stocks fall again after ‘Black Monday’

LearnAndRecord 2022-07-26

Chinese stocks fall again after ‘Black Monday’

Chinese stocks have dropped again following a dramatic[戏剧的;引人注目的;激动人心的] day that saw billions wiped off[除去;还清;洗刷] markets around Europe and the world. Major Chinese stock indexes tumbled[翻到,滚动] more than 6% in early trading, hitting their lowest levels in eight months, following their 8.5% plunge[投入;跳进] on Monday. The CSI300[沪深300] index of the largest listed companies in Shanghai and Shenzhen finished the morning session[早市;[金融] 前市;上午市] down 3.9%, while the Shanghai Composite Index[上证综合指数] fell 4.3%.

There are a number of positive things happening under the surface of all this chaos and it is easy to forget those things when you see these types of moves.

Jason Ware, chief investment officer at Albion Financial Group in Utah[美国犹他州]

Markets elsewhere in Asia have bounced back[反弹;迅速恢复活力]. Japan’s Nikkei reversed early losses, rising 0.5% to 18,620.89. Hong Kong’s Hang Seng added 1.1% to 21,489.11, while South Korean and Australian stocks also gained. European equity markets[产权投资市场] look set to[即将要] follow those major Asian stock markets this morning with the FTSE[富时指数公司(Financial Times and Stock Exchange)] 100 expected to open 0.7% - or 43 points higher. After a year of gains, Chinese markets have been hit by increasing signs that economic growth is faltering[支吾地说,蹒跚地走]. The People’s Bank of China is under pressure to announce a new round of quantitative easing to boost money supply in an economy suffering weaker demand across all sectors.

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