China stock mkt worst hit in 2018 with $2.4 tn loss

Stock declines have shaved $2.4 trillion off China’s market value this year as of Thursday, the biggest on record since Bloomberg started compiling the data in 2002. The closest loss was during the global financial crisis 10 years ago, when the Shanghai gauge plunged 65%. China also ceded its place as the world’s second-biggest stock market to Japan earlier this year.

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