The Chinese stock market has crashed.
As you can see on the following chart, shares of the iShares China Large-Cap ETF FXI have plunged by about 25% since March 1. And this move came after a downtrend that began in November.
With the media and the pundits focused on the tragic events in Ukraine, this isn’t getting the attention that it should.
The stock market tends to be a leading economic indicator. It tends to turn before the economy does. It could be an ominous warning that the recent COVID outbreak is going to be worse than many analysts believe.
To learn more about trading, check out the new Benzinga Trading School.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.