A top investment firm index shows Chinese stock is on a free fall.
Based on data from Morgan Stanley Capital International or MSCI China’s stocks have wiped out nearly $4 trillion worth of wealth since 2021.
China was among the worst performing investment markets last year and the trend doesn’t appear to be slowing.
Global investors have been dumping their Chinese stocks to avoid greater losses.
According to MSCI, China’s stock market hit its lowest point on the last day of 2023.
Ever since the company started to include China’s mainland stocks in their database in 2017, the MSCI emerging markets index is one of the most reliable ways to monitor the stock market.