China Stock Rout Continues

(Bloomberg) — A world-beat­ing ral­ly in Chi­nese stocks has turned into the biggest rout glob­al­ly, shock­ing investors with the sever­i­ty of its rever­sal and evad­ing state efforts to slow the pace of losses.In just 14 trad­ing days, the nation’s bench­mark CSI 300 Index has plum­met­ed 14% from a 13-year high. That com­pares with a 2.2% drop by the MSCI All-Coun­try World Index. The plunge has wiped out more than $1.3 tril­lion of val­ue and ham­mered the hold­ings of retail investors who piled in at the peak, bet­ting that the new lunar year of the Ox, or bull, would be aus­pi­cious. State inter­ven­tion on …

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