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Old 07-08-2015, 08:40 AM   #1
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China crashing

It's been in the news for a few days now, but I guess with events in Greece, we have neglected to talk about it here.

Quote :
Chinese Stock Market Nosedive Continues; China Warns of Panic, Irrational Selling; Over Half of Companies Halted; Pent-Up Demand to Sell
...
http://globaleconomicanalysis.blogsp...continues.html

Quote :
...
For a record 12th day in a row, Chinese margin debt balances have dropped with today's 8.5% collapse the largest in history. As of last night, there were around 570/1694 Shenzhen stocks halted/suspended and hundreds more on the Shanghai bourse leaving more than 54% of all Chinese stocks frozen ($2.6 trillion or 40% of value). China continues to try to manage leverage down (raising margin requirements on stock futures) while encouraging speculation (easing rules for insurers to buy blue chips and financing the purchase of smaller company shares directly) and CYNK'ing the entire market - if it's not open, you can't sell it and the price cannot fall!
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http://www.zerohedge.com/news/2015-0...es-most-record
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Old 07-08-2015, 09:09 AM   #2
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China has actually frozen all selling in a lot of stock issues, and as a direct result, caused panic.
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