The Shanghai Composite traded as high as 3,382 during Tuesday trading, before reversing 5.5% lower to end the week at 3,192. The Shanghai Composite previously surged 16% over eight sessions (June 30th to July 9th), highlighted by a 5.7% jump on July 6th. This index sank 4.4% on July 16th - and then fell 3.9% in Friday trading. China's growth-oriented ChiNext Index sank 6.1% Friday.
COVID stimulus stoked bubble dynamics for global risk assets, certainly including Chinese equities. This bubble has turned unstable. Chinese stocks reversed sharply lower after the U.S.'s shocking closure of China's