Chinese stocks offer no shelter from Credit Suisse, SVB turmoil as reopening euphoria ends in US$422 billion market rout

• Major indices tracking Chinese stocks have erased all of their gains this year after the latest sell-off induced by the Credit Suisse turmoil
• The MSCI China Index has lost US$353 billion in market value from its peak this year, while US$69 billion was erased from the Nasdaq Golden Dragon China Index