Thomson ReutersAn investor in front of an electronic board showing stock information at a brokerage house in Hangzhou.China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock-trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.Three sources at Chinese brokerages and two […]
Thomson ReutersAn investor stands in front of an electronic board showing stock information at a brokerage house in FuyangSHANGHAI (Reuters) – China’s securities regulator said on Friday that it had restricted 24 stock trading accounts for suspected trading irregularities.The accounts had been found to have abnormal bids for shares or bid cancellations and were thus suspected of affecting share prices […]
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, […]
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 […]
Shares continue to slip, causing anguish and heavy losses for China’s millions of personal investors. Photograph: Imaginechina/Corbis
The temperature in this small airconditioned room in a brokerage in Shanghai’s Xuhai district was cool, as was the mood despite a drop in the stock market for the second day running.In recent weeks, as China’s stock market falls appeared to stabilise, millions of […]
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, […]
Jimmy ChengWhile China’s stock market suffered one of the largest declines on record yesterday, we ain’t seen nothing yet, according to the man who predicted the low point for the Shanghai Composite index in 2013.Tom DeMark, founder Arizona-based DeMark Analytics, believes there’s significant carnage still to come.He’s predicting China’s stock market will decline by an additional 14% over the next […]
“China’s market is so distorted, you can’t sell short very confidently and you can’t buy up very confidently either,” warns one Hong Kong-based asset manager as despite massive “measures” and manipulation, Chinese stocks extend yesterday’s stunning losses (CSI-300 -5% at the open, Shanghai -4.1%). As Bloomberg reports, investors “are concerned and lost,” although government officials tried to claim 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 […]
It’s days like Monday that reassure Tony Hann he was right to avoid stocks in mainland China.Boom! The bottom just dropped out of China’s unprecedented efforts to prop up its marketChina’s stocks tumbled the most in eight years Monday morning as investors lost faith in government measures to support the market and the IMF warned Beijing to butt out.Continue reading.The […]
