Stock information listed on a mobile phone in Shenyang, north-east China. Photograph: Yang Qing/Xinhua Press/Corbis
What is happening in China?Stock markets in China are tumbling. A three-week plunge has knocked about 30% off Chinese shares since mid-June. China’s securities regulator has warned of “panic sentiment” gripping investors, many of whom are individuals that have borrowed heavily to play the stock market.Hundreds […]
Nosedive PanicThe crash in Chinese equities continues amid regulators’ talk of panic and irrational selling.Ironically, China has banned the use of terms like ‘equity disaster’ and ‘rescue the market’ in analyst’s reports on the stock market.Over Half of Companies HaltedThe Guardian reports China Stock Markets Continue Nosedive as Regulator Warns of Panic.
Chinese stock markets tumbled again on Wednesday as investors […]
DoubleLine Capital”It’s not good.”According to DoubleLine Funds’ Jeff Gundlach, that’s really the only thing you can say about the boom and crash of the Chinese stock market.Even after its 28% crash since its June high, China’s Shanghai Composite Index is still up around 84% from a year ago.Gundlach, who spoke Tuesday during a webcast for DoubleLine Funds’ investors, said that […]
While the World Watches Greece, China’s Stock Market Is Imploding Joshua KrauseThe Daily SheepleJuly 7th, 2015328 views
It had to happen at some point. Just a few weeks ago the Shenzhen and Shanghai Stock Exchanges were collectively worth roughly $10 trillion. Within a single year, the Shanghai Exchange had surged from just over 2000 points, to well over 5000. It was […]
700 companies have halted tradingThings are bad in both of China’s big exchanges; both the Shanghai and Shenzen are seeing companies halting their trading on both:
Over 700 Chinese companies have halted trading to “self preserve,” according to the state media. That means about a quarter of the companies listed on China’s two big exchanges — the Shanghai and Shenzhen — […]
An investor sits in front of a chart showing China’s Shenzhen stock market index on Monday. David Lom
On Monday, the People’s Daily — essentially the Communist Party’s mouthpiece — declared that “rainbows always appear after the rains” in an attempt to reassure investors.
These words did not halt the overall decline, however, and on Tuesday Chinese stocks fell again, with […]
REUTERS/China NewsphotoThe Shanghai Composite Index has fallen by 27% in less than a month — a huge reversal from the 117% gain over the past eight months. And this splashy volatility has everyone worried about the precipitating negative effects on the Chinese economy.But the actual effect may be less than analysts are expecting:”The stock market wealth effect in China is smaller […]
China freezes IPOs to stop rapid stock market decline – reportPublished time: July 04, 2015 22:59Get short URLA general view of the Hong Kong Stock Exchange trading hall. (Reuters / Bobby Yip)TagsChina, Economy, Finance, IPO, InvestmentChina has curbed the sale of newly issued stock and created a market stabilization fund, as it tries to halt a stock market plunge that […]
Capping an extraordinary week of stock market losses that defied state intervention, China decided to double down on Saturday – hoping to avoid a “Black Monday” when trading resumes after the weekend.Meeting in Beijing, 21 major brokerage houses said they would contribute 120 billion yuan – the equivalent of $19.3 billion – to purchase blue-chip “exchange traded funds” to stabilize […]
Chinese government mad manipulations continue.Since hitting a peak in June, the Shanghai Composite Index has plummeted by 29 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out.Although China has done much to open up its economy, since the communist days of Mao, and many free market businesses thrive, sadly the government has also adopted Keynesian […]
