Bear Market Looms for China’s Equity Benchmark During Volatility
- CSI 300 Index down around 19% from a recent peak in February
- Newspapers urge investors not to overreact to A-share selloff
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China’s benchmark CSI 300 Index teetered on the edge of a bear market as the nation’s state media called for investors to hold their nerves in a global selloff.
The gauge fluctuated before closing higher on Wednesday, following a slump in the previous session that pushed it within striking distance of a 20% plunge from a February peak. Chinese stocks enjoy policy support and with looser liquidity conditions expected, corrections are buying opportunities, according to reports from at least two state-backed newspapers.