china stockexchange sse

Discussion in 'Markets & Economies' started by Peter, Jul 7, 2015.

  1. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    Down another 3%.
     
  2. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,824
    Likes Received:
    69
    Trophy Points:
    48
    Location:
    NSW
  3. volrathy

    volrathy Active Member

    Joined:
    Oct 29, 2012
    Messages:
    1,014
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Blue Haven NSW
    SHSZ300:IND 3,807.902
    -190.635
    -4.77%
     
  4. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    Finished tuesday 1~% down.
     
  5. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    9,735
    Likes Received:
    2,447
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    that is the visible part, the underground happening is

    RMB is being used to buy the SSE from overseas and people are starting to hold the red back.
     
  6. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    China down another 5-% presently.
     
  7. volrathy

    volrathy Active Member

    Joined:
    Oct 29, 2012
    Messages:
    1,014
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Blue Haven NSW
    Damn it i think bon jovi blaze of glory is blocked by youtube
     
  8. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    Mainland Chinese shares continued to plunge on Wednesday, falling over 8% at one point despite more moves by regulators to stabilise the market.

    The Shanghai Composite was down 5.9% to 3,506.22 in early trade.

    That came despite the insurance regulator raising the limits for insurers to invest in blue chip stocks to 10% of their total assets, from 5%.

    Hong Kong's Hang Seng index was down 5.1% to 23,710.97, following the mainland's fall.

    The country's securities regulator said on Wednesday that its state-backed margin finance firm will provide adequate liquidity for brokerages to try to ease the "panic sentiment" in the market.

    Greece worries

    The rest of Asia was lower as investors remained cautious about the uncertainty over Greece's position in the eurozone and the lack of a resolution to the debt crisis
    Bbc
     
  9. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    Who will be the fall guy for all of this?
     
  10. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    Down 4% at moment.

    Politics not economics

    Some analysts dismiss the fear that a full blown stock market collapse could precipitate a wider economic shock.

    "The stock market is too small, too tiny, completely irrelevant," Chen Long, China economist at Gavekal Dragonomics tells me. "It accounts for just 5% of Chinese household wealth and anyway the market is still up on where it was last year."

    Much more could yet be wiped off the value of Chinese shares, it would follow, before anyone needs to panic, least of all the government. So perhaps, if this view is correct, Beijing's actions are motivated by the need to contain the political fallout, rather than the economic.

    In the middle of an already tricky slowdown in GDP growth the last thing it needs is hordes of mom and pop stock traders taking to the streets. And so far, at least, that part of the strategy might be working with little sign of any anger.

    Despite her already heavy losses, Lin Jinxia's plan is to hang onto her massively devalued stock in the hope it rises again. "I believe the government will come up with the right strategies," she tells me.
    ...........
    In China, unlike in the European or US markets, individuals make up around 80% of the investors.

    Many of them are new and inexperienced, often following whim and rumour to make decisions and so the market is arguably more vulnerable to quick turnarounds in herd behaviour.

    Having been marching share prices up the hill for well over a year, on 12 June the crowd suddenly veered back down again and three weeks later almost a third of the value - $3.2 trillion - had been wiped away in three short weeks.

    'I knew there were risks'
    Confident investor
    BBC news
     
  11. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

    Joined:
    Oct 19, 2014
    Messages:
    2,550
    Likes Received:
    14
    Trophy Points:
    38
    Location:
    R.I.P
    This crash already has a theme song, it's danger zone by Kenny Loggins. Everyone would know that if they weren't Opening up new threads. What is this, number 5?
     
  12. -j-p-shmorgan

    -j-p-shmorgan New Member

    Joined:
    May 24, 2015
    Messages:
    1,009
    Likes Received:
    0
    Trophy Points:
    0
    Just heard on the news.....

    Over 1400 stocks have been suspended in order to suppress the downfall.
    (Over 50% of stocks)

    They have lost $3Trillion already, and the government has been buying stocks to stop the downfall to no avail.

    So much for China being the next economic powerhouse. lmfao
     
  13. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    Finished down 5.9%.
     
  14. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    Wow declining so rapidly and short selling is outlawed.
     
  15. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    3,377
    Likes Received:
    691
    Trophy Points:
    113
    Location:
    Treasure Island
  16. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,491
    Likes Received:
    25
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    love that. 5pc of Chinese wealth.
     
  17. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,697
    Likes Received:
    106
    Trophy Points:
    63
    Location:
    sydney
    China's regulators are taking fresh steps to try to quell volatility in the country's financial markets.

    Investors holding stakes of more than 5% are not allowed to sell shares in the next six months.

    The new rule from the country's securities regulator is intended to relieve pressure on the stock market.

    Despite efforts to stem the losses, the dramatic sell-off in China's main stock market continued on Wednesday, with the Shanghai Composite plunging 6.8%.

    That took share values nearly 30% below their June peak.

    On Wednesday, another 500 listed firms said they would stop trading their shares in an effort to insulate themselves from the meltdown.

    Around 1,300 firms have halted trading, almost half of China's main shares.

    IG chief market strategist Chris Weston dubbed the sell-off "Black Wednesday".

    "For the first time, The China Insurance Regulatory Commission (CIRC) has admitted there is genuine 'panic selling' underway.

    "When we see around 90% of the market suspended or falling by their daily limit (while further measures have been taken to limit the
    influence seemingly exerted by futures traders) you know things are becoming less rational," he said.

    'Market stability'

    Chinese regulators made a string of pledges on Wednesday to try to ease the "panic sentiment

    BBC News
    ..


    Dow down 1.5% wed
     
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    What a shitty rule. You have to just sit on your shares while the market collapse around you, or get jail or executed for defying the Chinese Communist party.
     
  19. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,217
    Likes Received:
    3,647
    Trophy Points:
    113
    http://www.reuters.com/article/2015/07/09/us-china-markets-idUSKCN0PI2RT20150709
     
  20. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,962
    Likes Received:
    53
    Trophy Points:
    48
    NO SELLING FOR YOU!

    No wonder Chinese are so eager to get their money out of China.
     

Share This Page