It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:
Today marked the fourth largest decline of the Shanghai Composite in two decades.We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in the making.Today the benchmark Shanghai Composite plunged 6.4%. That brings […]
China’s Stock Market Value Tops $10 Trillion for First TimeLast updated 20:18, June 14 2015
China’s stock market has passed the $10 trillion milestone for the first time.
The value of Chinese stocks rose above $10 trillion for the first time, the latest milestone for the nation’s world-beating rally.
Companies with a primary listing in China are valued at $10.05 trillion, an increase […]
Jonathan Garber
Jun. 10, 2015, 1:52 PM
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Aside from the inflation fueled Venezuela Stock Market Index, China’s Shanghai Composite is the top performing stock market in the world so far in 2015. The Shanghai Composite is up 58% year-to-date, and 151% year-over-year.However, if the bull market that occurred from July 2005 until October 2007 is any indication, the rally is just getting […]
In his “Investment Adventures in Emerging Markets” blog earlier this year, veteran investor Mark Mobius noted, “According to the Chinese calendar, 2015 is the Year of the Goat (or sheep), creatures that are typically peaceful in nature but can also be stubborn, while exhibiting herd-like behavior.”That year official began on February 19. And so far, the Chinese zodiac has completely […]
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The eye-popping volatility and explosive nature of China’s stock market lately has the world’s traders watching in awe.Business Insider’s David Scutt noted that China’s Shanghai Composite index crashed a breath-taking 11% in the past two days before recovering some of its losses.Still, the index is up 43% since the beginning of the year and up 134% from a year […]
A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market.Then there’s this one about a […]
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The stock market in Shanghai has been on a tear in recent months, but it took a hard tumble on Thursday. The Shanghai Composite Index fell 6.5 percent in one day as over-leveraged investors fled the feverish market conditions, the Wall Street Journal reported. The index is up about 134 percent over one year ago.Does the Chinese stock market have […]
HONG KONG (AP) — Most Asian stock indexes rose Friday, with China’s benchmark at its highest in seven years, after Wall Street eked out another record close.KEEPING SCORE: Japan’s Nikkei 225 index edged 0.1 percent lower to 20,172.15 and South Korea’s Kospi rose 0.5 percent to 2,134.11. Hong Kong’s Hang Seng advanced 1.2 percent to 27,863.25. The Shanghai Composite Index […]
Huobi has launched a service allowing users to mortgage their bitcoins in return for Chinese yuan (CNY) loans to purchase real shares on the Shanghai Stock Exchange.The platform, Caimao, allows investors disappointed with the recent slump in bitcoin price to put that value to use in an asset class that has grown 125% in the past year.Customers will use the Caimao […]
The local stock market promptly plunged 20 percent over the following few weeks, kicking off a phenomenon called the “Adam Cheng effect” or “Ting Hai effect.”In the two decades since, nearly every time the 68-year-old Cheng has appeared in a movie or television show—which has been more than 30 times—the Hang Seng declined.Most recently in 2013, the index fell nearly […]
