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IPFS News Link • China

China's Stock Market Is in Free Fall

• Newsweek

On Monday, Chinese equities dipped after the country's central bank decided to keep its medium-term policy rate unchanged at 2.5 percent, failing to cut interest as was widely expected by investors. The country's CSI 300 was at its lowest level since 2019, a record only previously beaten in October 2023.

Today, the index was up by 0.006 percent compared to Monday, while it was down by 25.64 percent compared to a year before. The global markets, on the other hand, have surged in the past year, with the S&P 500 skyrocketing 24 percent in 2023, hitting an all-time high.