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

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

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
READ FULL ARTICLE