The Chinese Economy May Be Rebounding, But The Shanghai Composite Is Just Brutal

There are growing signs of a rebound in China, most notably today’s PMI report, which shows the economy going back to expansion.

But the Chinese stock market still isn’t buying it.

The Shanghai Composite has just been a brutal loser, having fallen below 2000 last week.

That’s the story again today, as it’s down another 1% to 1959.77.

Here’s the intraday chart from Bloomberg.

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And here’s a longer-term chart showing what a bad year the index has had.

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Photo: Bloomberg

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