REUTERS/Fred ProuserSteve Wynn.Steve Wynn wouldn’t have done that.China’s stock market has been on an epic roller-coaster ride this year.After a 150% jump in a few months, stocks quickly tanked more than 30%.In its desperate efforts to stop the crash, China’s government stepped in and suspended all initial public offerings, limited the number of trades investors could execute in a day, […]
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Yves here. This post, which ran in the second week of July, provides important background on how and why Chinese authorities ramped the stock market, and what the ramifications of the its implosion are likely to be.By Alicia García-Herrero, Chief Economist for Asia Pacific at NATIXIS, Senior Fellow st Bruegel and non-resident research fellow at Real Instituto El Cano. Originally […]
REUTERS/China DailyInvestors look at computer screens showing stock information at a brokerage house in Wuhan, Hubei province, China, July 3, 2015.See AlsoChina’s small investors are looking for a way out of stocksChina shares slip again as Beijing scrambles to calm marketsUS funds aren’t bailing on China yet despite a free-fall in stocksMrs Zhu is just the type of investor the […]
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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% […]
An investor watches market returns at a stock exchange hall on 27 July in Tai an, China. Photograph: ChinaFotoPress/ChinaFotoPress via Getty Images
Beijing has vowed to step up its interventions in China’s volatile stock market following a traumatic day on Monday when stocks suffered their greatest losses since 2007.A government-controlled stock-buying agency would “continue to buy stocks to stabilise the market”, […]
Now Is The Time – Fear Rises As Financial Markets All Over The Planet Start To Crash
By Michael Snyder, on July 27th, 2015Can you feel the panic in the air? CNN Money’s Fear & Greed Index measures the amount of fear in the financial world on a scale from 0 to 100. The closer it is to zero, the […]
An investor watches market returns at a stock exchange hall in China, on Monday 27 July. Photograph: ChinaFotoPress/via Getty Images
Even by recent Chinese standards, the latest stock market plunge was spectacular. Nearly 1,800 stocks – or more than 60% of shares on the main markets in Shanghai and Shenzhen – fell by the daily limit of 10%, thereby triggering a […]
