Chinese stocks have erased 4½ years of gains as foreign investors flee at record pace

As of Monday, Chinese stocks have now erased all of their gains from the past 4½ years, the latest dismal milestone during what has been a difficult year for the world’s second-largest economy.

The yuan USDCNY, -0.04% traded at 7.3 to the U.S. dollar on Monday, and since the start of the year, the greenback has appreciated more than 6% against its Chinese rival. Data analyzed by a team of macro strategists at MUFG Bank showed foreign investors have sold $3.1 billion in Chinese stocks on a net basis through Oct. 17, following $5.1 billion in outflows in September, and more than $10 billion in August.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Chinese stocks erase 4 1/2 years of gains as foreign investors flee at record paceJoseph Adinolfi is a markets reporter at MarketWatch.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

Stock-market investors face reality of 5% Treasury yields. Here's what's next.Frances Yue covers the cryptocurrency market for MarketWatch.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

FMC Corp.’s stock drops on revenue warning as company launches cost structure reviewSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »