Photo: ReutersA respected journalist in China who reported an important story about that nation’s stock market fluctuations was held by police, who say he was “spreading false information.””Chinese authorities’ hypersensitivity to fluctuations in the financial markets is no reason to intimidate and jail a journalist for covering the news,” the Committee to Protect Journalists said today. “We call on Chinese […]
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 […]
Update: Chinese stocks are seeing no lift whatsoever from the rate cuts…CSI-300 is fading fast…And*SHANGHAI COMPOSITE INDEX SLIDES 3.3%
*SUGA: HOPE CHINA RATE CUT WILL CONTRIBUTE TO CHINA GROWTH
Confusion reigns at Bloomberg also… (look at URL – original title, and compared to title posted at 8pmET)…And now…h/t BeermunkAs we detailed earlier:The Asia morning begins mixed in stock markets, The PBOC explains […]
Justin McCurryMarkets across Asia were holding their breath on Wednesday after early hopes that the worst of this week’s turmoil could be behind them were tempered by concern that China has not done enough to stabilise its economy.A day after China’s central bank lowered interest rates in an attempt to ease the crisis, most Asia-Pacific stocks suffered minor losses, while […]
China sure has its micro-managing hands full these days.Just hours after the PBOC announced a modestly “revalued” fixing in the CNY, which curiously led to weaker trading in the onshore Yuan for most of the day before a forceful last minute intervention by the central bank pushed it back down to 6.39…… it was the local stock market spinning plate […]
© AFP Johannes EiseleThe Chinese government intervened to stem a rout in the Shanghai market after it crashed 30 percent from its peak in mid-JuneShanghai (AFP) – China’s market regulator on Friday vowed to stabilise the volatile stock market for a “number of years”, saying a state-backed company tasked with buying shares will have an enduring role.”For a number of […]
Android: Most brokerages charge you every time you buy or sell a stock or ETF. Robinhood, however, lets you trade for free and is at last available now for Android users, as well as those on iOS.In addition to charging $0 commissions on trades of US-listed securities, the mobile app also has features like seeing your portfolio and personal watchlist […]
More and more people in the market are worried about “breadth.”Breadth is basically a measure of how many stocks are going up in the market against how many stocks are going down. And because of how the averages are computed, more stocks can be rising than falling, or vice versa, without seeing an exact replication of this phenomenon in the level of […]
Remember when WeChat was just a mobile chat app? Tencent’s social baby has long since left that nest, expanding in all directions, and the latest addition to WeChat’s formidable feature set will be a securities trading platform. Perhaps even more interesting, though, is that the app will allow users to open their trading accounts by taking a photo of their […]
On July 27, the Shanghai Composite Index fell 8.5 percent, its largest single-day loss since 2007. This came on the heels of major government intervention to stem the market’s slide earlier in July. What does the latest chapter of the crash mean for China’s economy? And, more broadly, what does it mean for the policies and politics of China’s current […]
