Shenzhen Ends 2017 as the Biggest Loser
31 Dec 2017
Despite tons of rosy news this year about Shenzhen, there is one area where it not only lagged, it fell dead last.
From 2013 to 2015, Shenzhen was investors' darling, but shortly after, sentiment soured and Shenzhen has since had a hard time trying to recovering. According to an article recently published by Bloomberg, "The Shenzhen Composite Index, often referred to as China's Nasdaq, fell about 4 percent in dollar terms, a sad result compared with the more than 35 percent gain in the Hang Seng Index. The Shanghai Stock Exchange SSE 50 A-Share Index, the so-called Beautiful 50 gauge of China's top blue chips, advanced 25 percent." In fact, Shenzhen is the only downer among major Asian stock markets in 2017.
The good news is, the blame isn't being placed on the city as a whole, or the overall investment scene, but instead on just one company. Click here for an in-depth analysis by Bloomberg.
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