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 […]
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 […]
How China’s stock chaos could affect New York real estateSizing up the dominoes connecting Shanghai to the Big AppleJuly 10, 2015 06:00PMBy Konrad PutzierThis week’s headline-grabbing turmoil in China’s stock markets left New York’s real estate industry wondering how it could impact the market here. According to those who follow China closely, there are two […]
This hollow illusion propagated solely by the fakest of people throwing everything away, is fraying around the riots.All that’s left of this con job is the instant when the herd of dumbfucks realizes they’re just a herd of dumbfucks. Led by much bigger dumbfucks…Value line Geometric w/failed manic overthrow:The real economy is missing in action, which leaves just momentum – […]
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 […]
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The boom and crash of the Chinese stock market has been one of the biggest stories in finance this year.The Shanghai Composite exploded 155% from its 52-week low to its 52-week high 5,178 in June. From there it crashed 32% to 3,507 on Wednesday.It’s trajectory, is peppered with manic milestones and unprecedented government intervention. The latter helped the market […]
Here’s what you need to know:1. Yes, it’s a crash, and it’s not over yet.Here’s a long-term chart of the Chinese stock market, to put this in perspective. Facebook Share Pinterest Pin ItWe’re on our way down right now, there’s further to fall, and the main reason that stocks haven’t fallen further already is just that they aren’t trading at […]
Stock-market investing in Britain is done mainly by professionals such as fund managers, folks trusted with other people’s money because of their increased understanding of investing. It’s the same way in the US, though Americans are more likely than Brits to maintain a small portfolio of stocks in which they have a personal interest.But millions of ordinary citizens in China […]
CHENGDU — The Shanghai stock market has been one wild ride for the last few months. The world has watched as stocks soared for months before a precipitous plunge in recent weeks. Millions of “novice investors” got involved in the markets when prices dramatically increased last year, the Associated Press reported.So what do normal Chinese people think about the roller […]
