-The two major stock indexes in China have lost one-quarter of their value from highs this year. But it will take more than a bear market to get China to back down in its trade war with the U.S., according to Wall Street.
-China’s Shanghai composite is down about 18 percent so far this year compared to the S&P 500’s 6 percent gain. The Asian country’s benchmark is also down nearly 25 percent from its late January high.
-“Given the huge gap between the two sides [U.S. and China], the outlook remains extremely unclear. Negotiations, even if resumed, will likely involve a bumpy and lengthy process,” J.P. Morgan’s China equity strategist Haibin Zhu says.
