China’s stock market was the world’s second-worst over the past year, and analysts covering it didn’t do much better, says Bloomberg. The rout in the Shanghai Composite Index, which has lost more than a third of its value since the end of April 2015, followed one of the benchmark’s best rallies ever and shocked global markets as indicated by how badly the analysts covering Chinese equities performed. Their predictions were off by bigger margins than those of analysts researching stocks in the rest of the world’s 20 largest markets. Had they been right, the gauge would be 43 percent higher than last week’s 2,938 close on the Shanghai Composite, according to data compiled by Bloomberg.
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