Markets

China's stock market better only than Greece's

By Zhao Tingting (chinadaily.com.cn)
Updated: 2010-07-01 14:31

The Shanghai Composite Index and the Shenzhen Component Index, two main gauges of the Chinese stock market, tumbled 26.82 percent and 31.48 percent, respectively, in the first half of the year.

Related readings:  China stocks to rebound 25% in H2: CITIC  China stocks continue downward trend Wednesday  Chinese stocks slump 4.27% to 14-month low Tuesday  China stocks 'range-bound' on exports, Citigroup says

Around the world, China's stock market was the worst-performing one except for Greece, which was mired in the European debt crisis and saw its stock market drop 34.69 percent, New Express reported Thursday. The third worst-performing market was Spain, plummeting 23.67 percent.

The best performing stock markets were Denmark, Indonesia and the Philippines, with growth of 16.15 percent, 14.17 percent and 10.48 percent, respectively.

Statistics showed that the stock market lost 571.59 billion yuan in the first half of the year, including 52.55 billion from institutions and 519 from individual investors, the report said.