China’s economic outlook is causing global jitters. Photograph: Rolex Dela Pena/EPA
The Chinese government’s heavy handed efforts to contain recent stock market volatility – the latest move prohibits short-selling and sales by major shareholders – have seriously damaged its credibility. But China’s policy failures should come as no surprise. Policymakers there are far from the first to mismanage financial markets, currencies, […]
Employees of one of China’s biggest securities firms and one current and one former employee of its market regulator are under investigation on suspicion of illegal stock trading, state media reported Wednesday, amid the collapse of a stock price boom.Three other brokerages announced they are under investigation for possible violations of rules on confirming the identities of customers.China’s main stock market […]
Shah GilaniChinese stocks plummeted again yesterday.The Shanghai Composite tanked 8.48% to 3,725.56, while the Shenzhen Composite fell 7% to 2,160.09. And the ChiNext, China’s smaller equivalent of the Nasdaq, fell 7.4% to 2,683.45.Based on everything the Chinese government and regulators have done to stem the sharp sell-off in Chinese shares and pump them back up, the unexpectedly big drop yesterday, […]
China’s Stock Market Just Crashed in the Most Predictable Way Joshua KrauseThe Daily SheepleJuly 27th, 20151,369 views
Just last month, Chinese stocks were on one hell of a hot streak. The Shenzhen and Shanghai stock exchanges had risen to unprecedented heights, and were worth a total of $10 trillion. But by early July, their value had plummeted by a whopping 30% […]
‘International investors have called the recovery a dead cat bounce, and the leadership’s reputation with its own people has suffered a serious blow.’ Photograph: Imaginechina/Corbis
The Chinese stock market crash came to a juddering halt yesterday, after a nailbiting three weeks that left investors $3tn poorer. The halt came after an escalating series of interventions that culminated in the suspension of […]
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.China’s sell-off will be felt far beyond its see-sawing stock markets. The month-long slide in share prices has called into question the country’s recent conversion to market dogma, while the state’s floundering response has exposed the limits of its grip on China’s financial system. Broader reforms may suffer.Some […]
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 […]
ReutersChina’s ruling Communist Party has made it clear that it has a mortal enemy: social unrest.Separately, it has also made it clear that the Chinese people should be heavily invested in the stock market.And so, dutifully, the Chinese people have done just that, spurring the longest bull market in the country’s history — the glorious 100% rally of the Shanghai […]
Twitter/Jamie McGeeverRussia’s MICEX tanks on Monday.Rising military tensions on the border between Ukraine and Russia have sent global markets into a tailspin of risk aversion to begin the week.In the United States, the S&P 500 is trading down 1.1% at 1839, while 10-year U.S. Treasury futures are up 0.4%, and the yield on the 10-year Treasury note is 2.61%, four […]
Sign up for the Executive Summary email briefing to get the news delivered straight to your inbox first thing in the morning.Markets: By the numbersMonday’s North American closeTSX13,358.39 -19.94 -0.15%Dow Jones15,783.10 +21.32 +0.14%S&P 5001,771.89 +1.28 +0.07%Nasdaq3,919.79 +0.56 +0.01%Decent jobs growth, encouraging words from central bank officials and healthy earnings numbers were enough to push North American stock markets strongly higher yet again last week.The question […]
