The Hang Seng China Enterprises Index has already lost 11% in 2024. Coming after a record four-year losing streak, the slump is reinforcing a structural shift thats seeing everyone from active money managers to passive funds turn their back on the worlds second-largest stock market.
Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record.
(Bloomberg) Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far.Most Read from BloombergYouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining NetflixBlinken’s Return From Davos Was Delayed After Plane Broke DownTrump Moves to Quash Hopes of Congress Ukraine, Border DealTrump Asks Supreme Court to Keep Him on Colorado BallotAirstrikes on Yemen Bring New Level o
The Hang Seng China Enterprises Index is on track to record its worst January in eight years. The CSI 300 Index has dropped in nine of the last 10 weeks.