The whole Chinese stock market has been tanking of late, so it’s not just Lander.
In part it’s due to the fear of a trade war with the US but there’s also a domestic story. There’s been a surge in corporate defaults which is making everyone nervous: if bondholders are getting f**ked, what can shareholders who are lower down the food chain expect.
I’m sure Mr Barclays aka Glasgow can tell us what proportion of Lander’s performance is due to idiosyncratic or company-specific risk, though.