An investor looks at falling stock prices in Hangzhou, eastern China as markets slumped. Photograph: AP
Turmoil has returned to the Chinese stock market as shares suffered their worst fall in eight years, knocking commodity prices and fuelling jitters among investors in London.Following three weeks of relative calm, the Shanghai Composite Index plummeted on Monday, ending down 8.5% at 3725.56 – […]
PhotoInvestors following the ups and downs of the stock markets at a brokerage house in Beijing.Credit Gilles Sabrie for The New York TimesThe symptoms, medical experts say, appear suddenly and often linger for months: insomnia, irritability, depression and an obsession with tracking stock prices.Amid the recent turmoil in China’s stock markets, as values plummeted from all-time highs, doctors have reported […]
Anyone who reads my blog is already likely to know the story. Until the market peaked on June 12, with the Shanghai Composite at 5,178, China had experienced a stock market boom that saw the Shanghai index rising in what seemed like a straight line by more than 135% in one year. The boom seemed almost inexplicable from a fundamental […]
Over the past few weeks, punters in China underwent a near-death experience when their country’s two stock exchanges entered freefall. The rapidly inflating bubble that had driven share prices to dizzying heights had suddenly burst. By this spring, the stock markets in Shanghai, with 831 listed companies, and Shenzhen, with 1,700, boasted a combined market capitalisation of $9.5tn, which made […]
REUTERS/China DailyAn investor adjusts his glasses as he looks at a computer screen in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China, July 9, 2015.There’s been a lot of panic in recent weeks about the colossal collapse of China’s stock markets, from both banks and Beijing.But Goldman Sachs thinks naysayers have […]
Investors look through stock information at a securities firm in Haikou, Hainan province, on Friday. Photograph: Zhao Yingquan/Xinhua Press/Corbis
As the east coast of China was put on high alert for the approach of super-typhoon Chan-hom, it was not clear whether the financial storm that has rocked the country’s stock markets had blown itself out.Share prices rebounded to record their best […]
Chinese authorities are scrambling to assuage the fears of panicking investors who have seen their stock holdings plummet in recent weeks, with the country’s markets losing about a third of their value in the last month.Shanghai’s composite index fell nearly 6 percent on Wednesday alone. Shortly after opening, markets across China fell so quickly that trading in more than half […]
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 […]
The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12.Instead of welcoming a much needed correction, Chinese brokerages and the Bank of China agreed to prop up the market.Stimulus Short-LivedThe stimulus act has failed already. The South China Morning Post reports Chinese Shares Close […]
Capping an extraordinary week of stock market losses that defied state intervention, China decided to double down on Saturday – hoping to avoid a “Black Monday” when trading resumes after the weekend.Meeting in Beijing, 21 major brokerage houses said they would contribute 120 billion yuan – the equivalent of $19.3 billion – to purchase blue-chip “exchange traded funds” to stabilize […]
