Shenzhen’s SZSE Composite Index faced a sharp decline, closing down by 2.01% at 2,070.42. This represents a loss of 42.47 points from the previous session. Market performance was notably subdued, erasing recent gains made over the past week. Despite the daily drop, the index has demonstrated an upward trend over the long term, with gains of 23.27% in the last six months and 26.25% over five years.
On a shorter time frame, the SZSE Composite Index showed mixed signals. Over the past five days, the index managed to gain 0.38%, while monthly performance reflected a decline of 1.49%. Year-to-date growth remains solid at 12.59%, and the one-year return stood at 11.74%, indicating resilience amid periodic selloffs.
Historically, the index has shown remarkable growth since its inception, with an all-time increase of 733.36%. However, the recent decline underscores the volatility that can affect market sentiment and investor behavior.
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