Shanghai’s Composite Index ends Friday’s session having given up more than 20 per cent since its high in December, suggesting a bear market, where prices are likely to head lower. Photo: Reuters

Shanghai Composite crashes into bear market territory, while Hong Kong stocks rack up third week of losses

Shanghai Composite closes the week on downbeat note, shedding 3.6pc, or more than 20pc down from its recent high, technically entering into a bear market

Topic |   China stock market

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Shanghai’s Composite Index ends Friday’s session having given up more than 20 per cent since its high in December, suggesting a bear market, where prices are likely to head lower. Photo: Reuters
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Laura He

Laura He

Before joining the Post, Laura worked for MarketWatch and The Wall Street Journal Digital Network in San Francisco and Hong Kong. She has also worked for Forbes in San Francisco and had stints at Xinhua News Agency as economics editor, anchor and financial correspondent in both Beijing and Hong Kong. She has an MA degree in digital journalism from Stanford University and passed CFA exams.

Jessie Lau

Jessie Lau

Jessie Lau is a journalist with the South China Morning Post covering Hong Kong news and social affairs. Working primarily for the paper’s City Weekend edition, she writes features and news stories on diverse topics including human rights, culture and the environment. Originally from Hong Kong, she joined SCMP in 2015 after graduating with distinction from the University of California, Berkeley with a degree in English. Prior to joining SCMP, Jessie helped edit San Quentin News, an inmate-produced newspaper at San Quentin State Prison, served as news editor for UC Berkeley’s independent student newspaper and reported as a political intern for Capitol Weekly. Follow her on Twitter/Instagram @_laujessie or visit her website at www.laujessie.com.