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Wall Street’s big bet on Chinese markets is going all wrong

Mainland equities just entered their first bear market since Donald Trump’s trade war while shares in Hong Kong had their worst week in five months.

Men on electric bikes wait for riders near land developer Evergrande's headquarters in Shenzhen, China, Friday, Sept. 24, 2021. Mainland equities just entered their first bear market since Donald Trump’s trade war. Shares in Hong Kong had their worst week in five months. (AP Photo/Ng Han Guan)
Men on electric bikes wait for riders near land developer Evergrande's headquarters in Shenzhen, China, Friday, Sept. 24, 2021. Mainland equities just entered their first bear market since Donald Trump’s trade war. Shares in Hong Kong had their worst week in five months. (AP Photo/Ng Han Guan)Read moreNg Han Guan / AP