As Xi Marks Mao’s Birthday, China’s Stocks Are Worst In The World

What can you say about Chinese equities that hasn't already been said about Gaza? They're bombed out and probably unrecoverable. The Shanghai Composite trundled lower on Tuesday, hitting a new low for 2023 in the process. As one netizen noted on social media, the gauge is down 15% from its highs in April, a period during which global equities rose 13%. The Nasdaq 100 is up 28% since then. Over the weekend, I wrote that 2023 was "a year during which assets of all sorts notched respectable ga

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4 thoughts on “As Xi Marks Mao’s Birthday, China’s Stocks Are Worst In The World

  1. What an eerie echo to Putin’s rambling essay about “one people” and “partnership” – meaning Ukraine is part of Russia (empire).
    Xi’s outright claim on Taiwan should give pause to a world already asunder with wars.

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