News · CafeF

World's Second-Largest Stock Market Loses 3,500 Billion USD, No Bottom in Sight Yet

China's stock market has lost about 3,500 billion USD since its May peak, and Beijing has not signaled any large stimulus package. Investors are concerned mainly about corporate profits, as weak consumer demand and fierce competition pressure earnings across banks, EV makers and AI companies. The third-quarter earnings season started poorly, with CATL reporting profit below forecast and MSCI China companies posting results 9% below average analyst estimates, the largest miss in a quarter. Berenberg's Ulrich Urbahn said it is too early to conclude the worst is over. Trading volume on the mainland market has fallen to its lowest since July last year, and Alibaba is issuing new shares worth 10 billion USD.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Thị trường chứng khoán lớn thứ hai thế giới bốc hơi 3.500 tỷ USD, vẫn chưa tìm thấy đáy

Read the original on CafeF ↗

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Chinaearningseconomic stimulusAlibaba

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