Chinese stocks break a two-decade trend, and that could signal more downside

Wood Profits Banner

The Chinese stock market is getting wiped out.

China’s Shanghai Composite sank to four-year lows this week, while the so-called BATS stocks — Baidu, Alibaba, Tencent and Sina — have suffered heavy losses this month.

READ MORE  Kynetic CEO sees multi-billion-dollar growth opportunity in China
READ MORE  What happens to that Kenmore warranty with Sears in bankruptcy court

That tsunami of selling has inflicted heavy technical damage on the Shanghai Composite, says one…

READ MORE  Here's what Wall Street analysts had to say about Nvidia's earnings

Source link

Wood Profits Banner

Leave a Reply

Your email address will not be published. Required fields are marked *