Chinese stocks ended a tumultuous Monday session with mixed results.
The Shanghai Composite and CSI 300 indices finished with gains of more than 2.4% although, having been up more than 7.5% in early trade, both finished significantly off their intrasession highs.
To give you a sense of the volatility seen during the day the Shanghai Composite traded a 322 point range, or 8.7% of Friday’s closing level. While massive compared to most markets, it’s becoming a familiar theme for the index at present.
Elsewhere the Shenzhen Composite lost 2.7% while the tech-heavy Chinext index slid 4.3%.
The Hang Seng in Hong Kong also had a session to forget, losing 3.1%. Not only was the decline one of the largest seen in the past five years, the index has now fallen 11% from its 2015 peak, marking a technical correction.
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