HUGE: Chinese stocks just hit a RECORD low against the S&P 500.
The ratio of China’s CSI 300 index to the S&P 500 is at its lowest since the CSI 300 launched in 2005.
At its 2009 peak, the CSI 300 was worth nearly 3.8x the S&P 500.
The CSI 300 hit another one-year low on Friday, down over 7% in a year while the S&P 500 gained 16%.
China’s securities regulator met fund managers on Saturday to gather ideas to support the market, per Reuters.$STRK
$SPCX $SNDK
The ratio of China’s CSI 300 index to the S&P 500 is at its lowest since the CSI 300 launched in 2005.
At its 2009 peak, the CSI 300 was worth nearly 3.8x the S&P 500.
The CSI 300 hit another one-year low on Friday, down over 7% in a year while the S&P 500 gained 16%.
China’s securities regulator met fund managers on Saturday to gather ideas to support the market, per Reuters.$STRK
$SPCX $SNDK