Chinese stocks erase 4 1/2 years of gains as foreign investors flee at record pace

Joseph Adinolfi is a markets reporter at MarketWatch.

As of Monday, Chinese stocks have now erased all of their gains from the past 4½ years, the latest dismal milestone during what has been a difficult year for the world’s second-largest economy.

The yuan USDCNY, -0.04% traded at 7.3 to the U.S. dollar on Monday, and since the start of the year, the greenback has appreciated more than 6% against its Chinese rival. Data analyzed by a team of macro strategists at MUFG Bank showed foreign investors have sold $3.1 billion in Chinese stocks on a net basis through Oct. 17, following $5.1 billion in outflows in September, and more than $10 billion in August.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sumter’s career day lifts No. 2 St. Joseph (Mont.) football past Seton Hall PrepNo. 2 St. Joseph (Mont.) over Seton Hall Prep - Football recap
Read more »

Joseph E LeDoux Ph.D.Joseph LeDoux, Ph.D., is a professor of neuroscience and psychology at New York University. He directs the Emotional Brain Institute at NYU.
Read more »

Healthcare workers set to begin 5-day strike at Providence St. Joseph in BurbankNearly 700 non-nursing healthcare workers are set to begin a five-day strike on Monday after failing to agree to terms on a new contract at Providence St. Joseph Medical Center in Burbank.
Read more »

Providence St. Joseph-Burbank healthcare workers begin 5-day strikeHundreds of healthcare workers at Providence St. Joseph Medical Center in Burbank are set to hit the picket lines Monday morning.
Read more »

Healthcare workers set to begin 5-day strike at Providence St. Joseph Medical Center in BurbankIn the latest strike to hit a Southland hospital in recent weeks, some 700 non-nursing healthcare workers at Providence St. Joseph Medical Center in Burbank are…
Read more »

Hundreds of health care workers at Providence St. Joseph start 5-day strikeHundreds of health care workers at Providence St. Joseph Medical Center in Burbank walked off the job Monday morning, kicking off a five-day strike over what they call unfair labor practices.
Read more »