Chinese Housewives Displeased After Biggest Stock Market Drop In 2 Years

For the 4th day in a row, China opened with a dip last night, but this time it was different. A half-hearted BTFD-effort was met with major selling pressure. Between real-estate developer Kaisa’s failed bailout and yet another entity defaulting (Zhuhai Zhongfu stock plummetted) it appears the 8% rip of the last few days in the Shenzhen Composite was just […]