ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Investors flee Chinese stocks as negativity engulfs market

Shanghai equities hit 4-year low while yuan sinks further

The Shanghai stock market has performed poorly since January, but the decline began to accelerate Oct. 8 as the gap between U.S. and Chinese interest rates narrowed.   © Reuters

SHANGHAI -- China's stock market extended the world's worst slide on Thursday, falling to the lowest in four years as the yuan neared its weakest point in a decade. With U.S. interest rates rising close to those in China, investors have begun to brace for a capital flight toward dollar-denominated assets.

The benchmark Shanghai Composite Index sank 2.9% to close at 2,486, a level last seen in November 2014.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more