Pessimism has gripped Chinese stocks, with no end in sight for a deepening selloff as investors confront the realities of an economy that's weak enough to erode corporate profits but not to trigger forceful new stimulus.
The world's second-largest equities market has has lost $3.5 trillion in value from a peak in May, according to data compiled by Bloomberg. The rout intensified last week, pushing the onshore benchmark CSI 300 Index into a bear market and a technology sector gauge in Hong Kong towards erasing all its gains since Beijing's sweeping growth support package two years ago.
