China Stocks Hit Rock Bottom: After $6.3 Trillion Market Loss, Brokers Suspend Short-Selling

Amid ‘snowball derivative liquidations’, China’s stock market is falling faster than its population.

The Hang Seng China Enterprises Index crashed 6.5% this week – its worst weekly loss since March 2023 with Wednesday seeing the biggest daily loss since Oct 2022 as the index plummeted to key support levels around the Oct 2022 lows…