by ZeroHedge News Staff at ZeroHedge
Last week’s dead cat bounce in Chinese stocks – after Beijing did everything but launch a multi-trillion fiscal stimmy bazooka (something it will do, later if not sooner) – is a distant memory, and as Asian markets open for trading in the news week, Chinese markets are cratering with the Shanghai Composite plunging as much as 3.1% to a fresh five-year low..
… while the broader CSI 1,000 Index is also in free-fall and also on pace to re-test the 2018 lows with as many as 990 of the 1000 companies of the index in the red.
https://twitter.com/CathyYuanZhang/status/1754337616227643711
Putting the latest collapse in context, China’s market capitalization has sunk by just over $1 trillion in the space of 13 trading days,…