The number of Chinese people who access the Internet via their smartphones is soaring and many of them are using those phones to trade stock.
About 56.28 million Chinese stock or fund investors who used the Internet to trade during the first half of 2015, a 47.4% increase from the end of 2014, according to a report published by the China […]
Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]
Author: Joshua Kurlantzick, Senior Fellow for Southeast AsiaJuly 23, 2015BloombergShare–
The spectacle of the stock market meltdown in China has led many analysts and investors to see an upside to the downturn. The slump is “the most serious crisis” facing President Xi Jinping “since he came to power,” China commentator Willy Lam told an audience of academics in Vancouver on July […]
REUTERS/Brendan McDermidTwitter CEO Dick Costolo, right, celebrates the Twitter IPO with Twitter founders, from left, Jack Dorsey, Biz Stone and Evan Williams on the floor of the New York Stock Exchange in New York, November 7, 2013.The European Central Bank (ECB) just put out an interesting study looking at whether Twitter and Google can be used to predict stock market […]
The Chinese government just announced that it will suspend stock trading on Sept. 3 and 4, according to the Shanghai Stock Exchange (h/t South China Morning Post’s George Chen) The official reason, as mandated by the securities regulator, is to commemorate the Japanese surrender (link in Chinese) that ended World War II.The motive you won’t find on any Chinese government […]
Calm was seemingly restored last week as Greece embraced a punishing deal offered by the EU while Chinese authorities reversed the A-share meltdown with a capital infusion estimated at over $200 billion dollars and the implied threat of capital punishment for anyone daring to sell short. Against a backdrop of positive economic releases and a pullback from catastrophe overseas, a […]
This article is by staff writer William Cowie.By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.Media reports have ranged from indifference to breathless comparisons with the great stock […]
The sheer size and importance of China’s equity markets cannot be overstated. Second in size only to the New York Stock Exchange, the combined value of the Asian country’s stock markets is $14 trillion and change. Or at least it was, before they fell 30 percent, wiping away nearly $2 trillion in value. To put this in perspective, the gross […]
UBSGross domestic product never went negative in 1987 — even with crazy stock-market drop.The Dow Jones Industrial Average plunged a shocking 508 points — or about 22.6% — back on October 19, 1987.But as scary as that drop was, US economic growth was resilient, and gross-domestic-product growth never went negative.If you’re thinking about the 1987 crash in the context of […]
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 […]
