ChiNext Index falls below 2,600 points, more than 40% under its June high
In short
The ChiNext Index fell below 2,600 points in the afternoon of 22 October, down close to 3.5% on the day, according to CLS and Jiemian. CLS and Jiemian said it stands more than 40% below its record high of June this year.
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The ChiNext Index fell below 2,600 points in the afternoon of 22 October. 36Kr reported at 13:12 local time that the index was down more than 3.5% on the day. [ 1 ]
CLS reported at 13:15 that the index continued to fall, dropping close to 3.5% in the afternoon and losing 2,600 points. It said the index was more than 40% below its record high of June this year. Jiemian carried the same figures at 13:22. The documents give no cause for the decline. [ 2 , 3 ]
Why it matters
The documents give only brief market reports, so the wider effect is not stated. They show a continued fall in the index and a drop of more than 40% from its June high.
Key facts
- The ChiNext Index fell below 2,600 points in the afternoon of 22 October. [ 1 , 2 , 3 ]
- CLS and Jiemian said the index was down close to 3.5% in the afternoon. [ 2 , 3 ]
- 36Kr said the index was down more than 3.5% on the day. [ 1 ]
- CLS and Jiemian said the index was more than 40% below its record high of June this year. [ 2 , 3 ]
- CLS and Jiemian said the index continued to fall. [ 2 , 3 ]
Confirmed by several sources
Still unclear
- The size of the day's fall differs between outlets. 36Kr said the index fell more than 3.5% on the day, while CLS and Jiemian said it fell close to 3.5%.
- The cause of the decline is not given. None of the documents state a reason for the fall.
What local media are saying
Timeline, local time
- 36Kr reported that the ChiNext Index fell below 2,600 points in the afternoon, down more than 3.5% on the day. [ 1 ]
- CLS reported that the index fell close to 3.5% in the afternoon and lost 2,600 points, more than 40% below its June high. [ 2 ]
- Jiemian reported the same fall below 2,600 points. [ 3 ]