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MSCI China Index Enters Bear Mkt, Down 20% from Last Oct Peak Amid Persistent Weakness in Tech and E-commerce Stocks
2026-06-18 15:41:21 The MSCI China Index lost as much as 2.1% today (18th), bringing its aggregate downfall to 20% from its peak on October 2, signaling entry into a bear market, Bloomberg reported. Alibaba and Tencent were the largest drags on the index. The souring sell-off in internet and e-commerce stocks was mainly owing to weak earnings prospects and subdued domestic demand. Data released this week showed that China’s retail spending in May contracted for the first time since the pandemic. South Korea’s KOSPI closed up 2.25% today at a record high of 9,063. Japan’s Nikkei 225 Index also notched a record high, closing at 71,053, up 1.65%. ~ AASTOCKS Financial News Website: www.aastocks.com | |