China's stock market enters bear territory after a 20% slide from its June peak
The CSI 300 has fallen roughly 20% from its June high. According to TradingView, fading stimulus hopes and soft earnings are weighing on sentiment.
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what happened
According to TradingView, mainland Chinese shares are close to officially entering a technical bear market. The CSI 300 dropped as much as 1.6% on Thursday, and its overall decline from the June high reached about 20%. A basket of major Chinese firms listed in Hong Kong fell by up to 2.9% at one point.
Pressure has come from doubts about large-scale support for the economy, weak quarterly results at several companies, and concerns over the global AI sector. CATL shares slid 12% on Wednesday after its profit growth came in slower than expected as state support faded. Authorities are trying to contain the selloff, but analysts say state-backed share buying alone may not be enough to produce a lasting rebound.
why it matters
Third-quarter GDP growth stayed within the government's annual target, which gives officials room to keep relying on targeted and incremental stimulus. For investors, this means no major new catalyst is visible yet, and volatility in Chinese assets may persist.
market impact
Chinese equities and Hong Kong listings: pressure from weak stimulus expectations and softer corporate profits
instruments
sources
- Chinese stock market in 'bear territory' after 20% fall from June peak — TradingView, 22 October 2026 at 03:18 UTC
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