The Shanghai Composite benchmark, which is the major index for China, is currently just above the 2,976-point plateau, reverting to levels from April of this year.
A Closer Look
Monday’s bloodbath came after the party's twice-decade leadership transition, Xi crammed the Politburo Standing Committee with six supporters, proving his undisputed control of the highest decision-making body.
Here's how certain stocks reacted:
A slew of delayed economic statistics revealed a mixed third-quarter rebound in China, with rising unemployment and worse retail sales in September despite an uptick in GDP.
See Also: Xi Jinping's Rising Power Forces China's Wealthiest To Execute Fire Escape Plans
A significant risk factor undermining investor sentiment toward Chinese equities, the struggling real estate market, shrank for a fifth quarter, extending its deepest drop in history.
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