China’s ChiNext Falls 4% as More Than 4,800 Stocks Decline

China’s ChiNext index fell 4% on Oct. 22 as more than 4,800 stocks declined across the market, a broad equity pullback relevant to U.S. crypto traders tracking risk sentiment. The Shenzhen Component dropped 2.9%, while the Shanghai Composite lost 1.5%. ChiNext had the steepest decline among the three indexes, followed by the Shenzhen benchmark and then the Shanghai gauge. The Shenzhen Component’s decline fell between the other two index moves, with all three benchmarks lower in the Oct. 22 snapshot. More than 4,800 individual stocks were lower across the market, extending the declines beyond any one index.

Source: TokenPost