From mint · · 50s
China State Funds Step Up as Stocks Hit Record Losing Streak
China's state funds surge into stocks as markets hit 10-week losing streak.
In brief
China's state funds surge into stocks as markets hit 10-week losing streak. China's state-backed funds increased activity in stocks amid a record 10-week losing streak for the CSI 300 Index. Originally reported by mint.
Record 10-Week Losing Streak
China's benchmark CSI 300 Index has lost 3.4% in five sessions, extending its losing run to an unprecedented 10 weeks.
State Funds Increase Activity
State-backed funds boosted activity in exchange-traded funds, with inflows reaching highest levels since July.
Market Decline Continues
The CSI 300 Index remains down 17% from a June peak, approaching a technical bear market.
Tech Sector Suffers
Chinese tech stocks have fallen 40% in the current half year, becoming the world's worst-performing major tech gauge.
The one thing
China's state-backed funds increased activity in stocks amid a record 10-week losing streak for the CSI 300 Index.
