A pedestrian walks past a giant display showing a stock graph in Shanghai on August 3, 2022. Photo: Reuters
A pedestrian walks past a giant display showing a stock graph in Shanghai on August 3, 2022. Photo: Reuters

Chinese stocks’ post-Shanghai lockdown rally fizzles out as zero-Covid policy and beleaguered property market bite

  • The CSI 300 Index of the biggest stocks on China’s onshore market has lost almost half of the gains that followed the reopening of Shanghai
  • Covid-19 flare-ups and a property market that is in downturn after two decades of growth translate to dim prospects for onshore stocks, analysts say

A pedestrian walks past a giant display showing a stock graph in Shanghai on August 3, 2022. Photo: Reuters
A pedestrian walks past a giant display showing a stock graph in Shanghai on August 3, 2022. Photo: Reuters
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