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Jordan Cvetanovski

  1. China's CSI 300 index enters bear market, down 20% from June high after 10 straight weekly losses

    CNBC, citing LSEG data, reported that the CSI 300 index of 300 large-cap Shanghai and Shenzhen stocks was down 20% from its June high on Oct 22, entering a bear market; it has fallen for 10 consecutive weeks, is down 2.6% so far this week and dropped more than 1% intraday on Thursday. CNBC said Chinese corporate profit growth has slowed under fierce competition, with September industrial profits growing at the weakest pace this year. Pella Funds chairman and CIO Jordan Cvetanovski told CNBC that Chinese stocks still face structural problems from overcapacity and overinvestment.

    Oct 22, 2026 Afternoon