US national flags flutter outside the New York Stock Exchange. The US has the world’s largest stock market with a capitalisation of US$29 trillion. Photo: Xinhua
US national flags flutter outside the New York Stock Exchange. The US has the world’s largest stock market with a capitalisation of US$29 trillion. Photo: Xinhua
Business /  China Business

Chinese equities no longer offer a haven from global sell-offs as correlation with US equities reaches record high

  • The 120-day correlation between China’s CSI 300 Index and the S&P 500 has risen to its highest level ever since the Covid-19 outbreak
  • Global economic integration and increased foreign ownership of Chinese equities are behind the performance convergence of the world’s two biggest markets

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 12:05pm, 15 Apr, 2020

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US national flags flutter outside the New York Stock Exchange. The US has the world’s largest stock market with a capitalisation of US$29 trillion. Photo: Xinhua
US national flags flutter outside the New York Stock Exchange. The US has the world’s largest stock market with a capitalisation of US$29 trillion. Photo: Xinhua
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