China stocks lose ¥2.3T in two hours

Chinese equities reportedly lost around ¥2.3 trillion in market value over the past two hours.
That kind of rapid wipeout signals heavy risk-off pressure across China-linked assets.
For $FXI and broader China exposure, the key question is whether this is a short-term liquidation wave or a deeper confidence shock.
The bigger signal is that sentiment toward Chinese stocks remains fragile, especially when selling accelerates this quickly.
If buyers do not step in soon, the market may start pricing in broader stress across China’s equity complex.