Thomson ReutersInvestors looking at computer screens showing stock information at a brokerage house in Shanghai.See AlsoFBI chief wants ‘backdoor access’ to encrypted communications to fight ISISRussia woos China before BRICS summitChina’s market crash is reversing the most important thing the government has been trying to do in decadesChina has announced a blanket ban on major shareholder selling for the next […]
SHANGHAI — China’s tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of “panic sentiment” gripping investors.Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to […]
Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]
The Chinese stock market meltdown is accelerating despite government intervention and is blowing back to commodities markets, including copper and oil, which are trading down based on concern that the stock market plunge is a harbinger of even more economic weakness. The Financial Times gives a snapshot of today’s downdraft:
China’s central bank stepped up state support for sinking stocks on […]
Nosedive PanicThe crash in Chinese equities continues amid regulators’ talk of panic and irrational selling.Ironically, China has banned the use of terms like ‘equity disaster’ and ‘rescue the market’ in analyst’s reports on the stock market.Over Half of Companies HaltedThe Guardian reports China Stock Markets Continue Nosedive as Regulator Warns of Panic.
Chinese stock markets tumbled again on Wednesday as investors […]
DoubleLine Capital”It’s not good.”According to DoubleLine Funds’ Jeff Gundlach, that’s really the only thing you can say about the boom and crash of the Chinese stock market.Even after its 28% crash since its June high, China’s Shanghai Composite Index is still up around 84% from a year ago.Gundlach, who spoke Tuesday during a webcast for DoubleLine Funds’ investors, said that […]
An investor sits in front of a chart showing China’s Shenzhen stock market index on Monday. David Lom
On Monday, the People’s Daily — essentially the Communist Party’s mouthpiece — declared that “rainbows always appear after the rains” in an attempt to reassure investors.
These words did not halt the overall decline, however, and on Tuesday Chinese stocks fell again, with […]
BEIJING (AP) — More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the country’s free-falling stock market.The 28 companies, which had obtained permission from China’s securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would postpone them due to recent market […]
Chinese government mad manipulations continue.Since hitting a peak in June, the Shanghai Composite Index has plummeted by 29 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out.Although China has done much to open up its economy, since the communist days of Mao, and many free market businesses thrive, sadly the government has also adopted Keynesian […]
A brokerage house in Shanghai, China. Official efforts to halt the stock market slide have so far been in vain. Photograph: Aly Song/Reuters
China’s efforts this week to stem the tide of losses on its main stock market failed on Friday when the Shanghai Composite index plunged a further 5.8%, taking the drop in share values to 28% since their June […]
