Check out these charts of the Shanghai Stock Exchange’s composite index. As of the end of the day Friday in China, the index is down 27% from its June 12 peak, wiping out some $2.4 trillion of value. Individual investors* account for about 80 percent of trading on mainland Chinese exchanges.
*Investor or trader or speculator? I’d say one would you have stay in the market for oh, one year, to be called an investor.