Shanghai Composite closes 1.3% lower to its lowest levels since March 2016
On the week, the index is down 4.5%. On the year, it is down a whopping 19.3%. If you adjust for currency depreciation against the greenback, the index is actually lower by almost 24% this year.
Despite Chinese authorities' efforts to aid the stock market, it just isn't going well at the moment. This is market starved of any real confidence and with trade tensions with the US still ongoing, the outlook continues to look dim.
Meanwhile, the S&P 500 is performing admirably given the declines seen in majority of global indices. On the year, it is up by ~6.3% as of yesterday's close.
As much as Trump's policies and media-handling make for good drama, the underlying strength of the US economy continues to highlight that US stocks is still the place to be when it comes to equities this year.
