China’s market has hit another all-time low in 2017.
Albertson’s Global Market Insight report has warned the Chinese stock market may now be back to pre-crisis levels, after the market dropped to its lowest level since 2006.
But this was still only 0.8% of the market’s average annual gain, compared to 2.5% of 2016.
Alberson’s analysts said the market has been driven by “unfavourable news in the US and EU” and was currently “very sensitive to any change in the outlook for China’s economy”.
“The Chinese market is very sensitive to the US or EU economic news and will react to any significant change in its economic outlook,” they said.
“The market is also sensitive to political uncertainty in China and the UK and has shown a preference for stocks with a positive outlook over stocks with negative outlooks.”
Alberitsons global stock market index was at its lowest since June 2016.
It has fallen 7.7% in the last year.
The Shanghai Composite index is down 1.9% since mid-2017.
In the US, the S&P 500 index has fallen 12.9%.
Alberitz’s index was down 7.5%.
Albersons China Market index fell 5.7%.
Altschul Albertsonic index was up 2.2%.
Alansons Dow Jones Industrial Average fell 0.6%.
The index has slipped 8.7 points in 2017 compared to 2016.
“Albertersons has reported that a number of indicators suggest that the Chinese market will probably remain volatile until the end of 2018,” it said.