BeijingChina’s blue-chip index fell 11 weeks straight, a record.
By one calculation, the S&P 500 closed 22 October at a record 2.095 times Shanghai’s level.
State-backed funds that buy shares to steady prices waited until the index had already fallen 20.2% from its June peak.
“The market is in the dump,” said Hao Hong, chief investment officer at Lotus Asset Management.
Morgan Stanley analysts say valuations have yet to reach an outright bottom.
How each outlet framed it
- Aol leans critical
- computes the S&P-to-Shanghai ratio itself from daily closes, putting the record at 2.095 and noting Beijing's state funds are not buying
Sources: Aol