SHANGHAI – The Shanghai Composite has finished the week at its lowest level since last summer’s stock market rout.
On Friday, the SSE fell 3.55 percent to just over 2,900. The market, though always volatile due to an over-reliance on retail investors, has fluctuated particularly wildly in the first two weeks of trading for 2016.
This fall below the psychologically important level of 3,000 will test the resolve of Chinese authorities, who have paid lip service to the idea of non-intervention but have been unable to restrain themselves in the past.
Market watchers are expecting international volatility to continue.
Tokyo’s Nikkei 225 inched down 0.54 percent while Hong Kong’s Hang Seng slid 1.5 percent.