Chinese stocks have been dropping recently and finally fell into bear-market territory on June 29, closing down 3.3%. The Shanghai composite has fallen over 21% so far from recent highs over the past two weeks as Chinese stocks have been under pressure after an explosion of margin buying over the past year.The stock drop on Monday came as a bit […]
While many of his peers get their sense of achievement from online video games, Li Shengyao, a 21-year-old sophomore at the Shanghai University of Finance and Economics, gets it from playing the stock market. He describes himself as a short-term trader who “can’t stop my fingers from making orders.”Li spends at least three hours every night dissecting day-trading activity and […]
By Michael Snyder, on July 2nd, 2015The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the […]
A woman jumped to her death inside Shanghai’s IAPM mall this morning, and while the case is still under investigation, it’s been speculated that the apparent suicide was related to China’s volatile stock market taking another dive.Shanghai Composite, China’s biggest stock, dropped five percent within just an hour and reached a three month low earlier today.Click image for uncensored photo.Another […]
By Nick Cunningham, a Washington DC-based writer on energy and environmental issues. You can follow him on twitter at @nickcunningham1. Originally published at OilPriceOil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output from OPEC, a nuclear deal with Iran, the turmoil in Greece […]
ReutersAn investor stretches in front of a screen with stock information at a brokerage house in Xiangyang, Hubei province, February 22, 2011.See AlsoChina is flooding the US with insane drug ‘flakka’ — and it’s shockingly easy to obtainThere is something that is a bigger drag on US stocks than Greece or ChinaThere is a new ‘ghost town’ in ChinaAs all […]
Have you come out of your bunker yet after Monday’s Greek tragedy?You might have expected more fireworks yesterday after Monday’s 350-point rout. But the Dow managed to gain 23 points and the Nasdaq tacked on 28.So where do we stand right now? And what should you do with your money today?I’m going to tell you…But before we get to my […]
Oil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output from OPEC, a nuclear deal with Iran, the turmoil in Greece – but one has not yet percolated through the markets just yet: the possibility of economic cracks in China, the largest oil importer […]
After The Chinese Stock Market Crash There Will Be A Margin Call On $370 Billion Dollars Worth Of Debt Next Week!!!SNIPChina’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in […]
NEW YORK (AP) — Stocks were mostly higher in early trading Friday as negotiators continue to work toward a solution to Greece’s debt problems.Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. The market is up more than 100 percent over the past year.KEEPING SCORE: The Dow Jones industrial average rose 59 […]
