‘Oh The Humanity’: This Was A Dark, Dark Week For Stocks In China, Hong Kong

‘Oh The Humanity’: This Was A Dark, Dark Week For Stocks In China, Hong Kong

Friday was a truly dark day for Chinese equities. At one point, the Shanghai Composite was down as much as 6.1% in afternoon trading. That would be the biggest intraday drop in almost two years. To be clear, this has been in the making for days. As we wrote on Thursday, "the SHCOMP looks like it’s going into a goddamn death spiral." But Friday was the culmination. Although mainland shares would trim some of those intraday losses, the SHCOMP closed down by more than 4%. More than 50 c
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