US markets down at closing bell after midday rally as China woes …

What a busy 12 hours we’ve had. And with America waking up, let’s have a recap.China’s central bank has slashed interest rates and allowed its banks to lend more money, in an attempt to prop up its economy.The stimulus move, which has driven shares higher worldwide, came after another day of heavy losses in Asia.In an unscheduled move, the People’s […]

Here's a simple explanation for what just happened to the stock market

Business InsiderThe BI Markets team!See AlsoQ&A: What’s behind the China’s yuan devaluationHere’s why China is weakening its currencyDeutsche Bank on China’s crazy stock market: ‘There’s no obvious explanation’Global markets are making a woooooooooooshing sound Monday morning as everything tanks.Why is this happening, and should you be worried?Well, I talked to our Markets team. It is inarguably made up of the […]

Summarizing The "Black Monday" Carnage So Far

It’s officially Black Monday, if only in China for now.We warned on Friday, after last week’s China rout, that the market is getting ahead of itself with its expectation of a RRR-cut by China as large as 100 bps. “The risk is that there isn’t one.” We were spot on, because not only was there no RRR cut, but Chinese […]

China's economy adjusted for the financial boom – Business Insider

Societe GeneraleFinancial sector up like crazy thanks to the crazy stock market surge.China’s volatile stock market has been front and center over the last few months.The Shanghai Composite Index exploded to all-time highs in June, and then crashed about a month later.But although the stocks grabbed everyone’s attention, it’s also important to look at what’s going on in the rest of […]

The official August 19th Shanghai Stock Market Crash Thread

The official August 19th Shanghai Stock Market Crash Thread

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The official August 19th Shanghai Stock Market Crash Thread
How bad do you think the Shanghai stock market will crash when it opens in less than 5 hours?
Let’s face it…. the Chinese know that their stock markets were about to crash and that is […]

China to stabilise stock market for 'number of years' – Business Insider

© AFP Johannes EiseleThe Chinese government intervened to stem a rout in the Shanghai market after it crashed 30 percent from its peak in mid-JuneShanghai (AFP) – China’s market regulator on Friday vowed to stabilise the volatile stock market for a “number of years”, saying a state-backed company tasked with buying shares will have an enduring role.”For a number of […]

How China's Stock Market Crash Influenced Today's Yuan …

The Chinese central bank would never admit it, but China’s stock market crash surely weighed on its decision today to devalue the yuan.The news had an immediate impact, with the yuan falling nearly 2% against the U.S. dollar. It marked the biggest one-day plunge since 1994.Because of the way the yuan is controlled by the People’s Bank of China (PBOC), […]

Global stock markets boosted amid speculation China may devalue …

An investor smiles after the Shanghai Composite Index rose 4.9% on Monday in its best day for a month. Photograph: Xie Zhengyi/Xinhua Press/Corbis
Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump in exports from the world’s second-largest […]

China dethroned as world's most liquid stock market: 'Bad taste in …

China has lost its title as the world’s most liquid stock market as trading halts and regulatory efforts to curb bearish transactions drive away investors.Daily turnover on mainland exchanges has averaged the equivalent of US$202 billion over the past 30 days, down from US$288 billion at the start of July. After exceeding turnover on U.S. bourses for about a month […]

Emergency measures fail to halt China's stock market nosedive …

An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China. Photograph: China Daily/Reuters
Chinese share prices suffered a dismal end to a dire month as promises of more emergency measures from officials in Beijing failed to stem a stock market slide that is now reverberating around the global economy.Despite policymakers’ […]