Date: 5 months ago   Category: Financial

The Chinese stock market showed record falling in a year


In a year capitalization of the Chinese companies fell to the minimum value since 2002. During 2018 capitalization of the companies of China dropped by 2.4 trillion dollars that is record value since 2002, Bloomberg writes. In particular, the agency emphasizes that the SSE Composite index of the Shanghai stock exchange fell almost by a quarter. As of morning of Friday, December 28, the index made 2.493.39 items, a year ago it was on a mark of 3.296.38 items. It is noted that falling in securities market was even big, than during financial crisis of 2008. Besides, China last year gave way to Japan the second stock market of the planet. Bloomberg compares also the average volume of the attracted capital for the first month after primary placement of papers at the exchange. It is specified that though on average for the first month of placement securities grew for 193%, this indicator appeared twice less, than in 2016. The agency specifies by one of the main reasons for current situation trade war with the USA which was expressed in mutual increase in duties. At the beginning of December two countries managed to agree about concessions therefore Washington decided to postpone the next round of increase in duties on the Chinese goods. As it was reported, at the American exchanges record growth of indexes for the last ten years on December 26 was established. Despite it, this month continues to remain for the market worst December for the last 87 years. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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