China Has the World's Worst Stock Market With $2.4 Trillion Loss

China also gave up its spot as the world’s second-biggest stock market to Japan. The weakened Chinese economy hurt spending and weighed on consumer stocks, while a vaccine scandal and a gene-editing controversy started a sell-off in the health-care sector. Average daily volume on both the Shanghai and Shenzhen exchanges fell to about $53.5 billion this year, the lowest since 2014. Only $34.7 billion of shares traded today, around 1/10 of its peak in 2015, according to a report by Bloomberg. Moreover, all 10 industry groups on China’s CSI 300 index fell tdownhis year, the broadest decline since 2011, in contrast from last year, when all sector gauges rose. In addition, China’s new policies on leveraged speculation has reduced the outstanding margin debt to about a third of its 2015 peak. A total of 75 Chinese mutual funds with an equity focus liquidated this year, compared with the 88 equity mutual funds that were liquidated in total over the past 11 years. Mainland China’s IPOs that debuted on domestic exchanges this year rose by an average of 193 percent in their first month of trading, half the return seen in 2016, the weakest performance in four years.