Friday, 31 July 2015

China stock market ends July with loss

Chinese stocks fell again on Friday.

The Shanghai Composite Index fell 1.1 percent today to end July with a 15 percent loss, its biggest monthly drop since August 2009.

Despite the decline, Chinese stock valuations remain very high. According to Bloomberg data, the median stock on mainland bourses trades at 66 times earnings, higher than in any of the world’s 10 largest markets.

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