that chart is just the share price going down, which equates to...

that chart is just the share price going down, which equates to poor company performance and shareholders losing some $$.

now they are likely to default on US$300bln of bonds, and who knows how much more. That has far greater impact in one hit than the death by a thousand cuts that is the share price falling over 3-4yrs. That impact then spills over to sentiment at the company level, to the sector, to the raw materials that supply the sector (iron ore), to the broader Chinese economy perhaps, and in turn globally.

very rough, but that's why we are getting the wobbles now. reverse fomo