Chinese Stocks Tumble to Multi-Year Lows Due to CCP Congress

Chinese Stocks Tumble to Multi-Year Lows Due to CCP Congress
The picture shows traders at the New York Stock Exchange (NYSE). Shutterstock
Kathleen Li
Updated:

After the end of the 20th National Congress of the Communist Party of China (20th NC of CCP) last week, the collective slump in Chinese concept stocks has brought huge returns to investors who shorted the stocks. Traders made a profit of up to 4.4 billion US dollars in short-selling transactions on Oct. 24 and 25.

The 20th NC of CCP closed on Oct. 22. On Oct. 24, China’s A-share stock market experienced a “Black Monday,” during which the Chinese concept stocks and Hong Kong stocks were both under the devastating impact of the slump.

Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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