SSE Composite Index in CNY and USD |
Without particular events, such as Sub-prime loan crisis or Lehman crisis, the crisis is defined after the stock market crashed into bottom. Although the stock market has plunged sharply, in SSE Composite Index, the current level is still almost same or slightly above the level at the beginning of this year.
This is both in CNY and USD.
S&P/ASX 200 in AUD and USD |
However, looking at Australian stock index S&P/ASX200, the level is already record low within last 4 - 5 years in USD, while it is still above the level at beginning of 2015 in AUD. This is because of weakness in AUD in last 3 years.
The stock market is highly correlated as realized last October or movement in this month.
CITY A.M. >> Chaos on European markets as FTSE 100 tumbles, while S&P 500 crashes below 2,000 points
There still seems be room where Chinese stock market is going down, the correlation could bring more chaos into other economic zones than China itself.
See Stock indexes for other economic zones.
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