china stockexchange sse

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

  1. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Down 3.20% today.
     
  2. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    I think that means it's down 20% overall in the last month.
     
  3. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    Down 3% tuesday
     
  4. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Down 2.10% Thursday
     
  5. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    Up 1% tuesday, dax down 3.8%
     
  6. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
    Markets see their worst quarter in four years - http://www.bbc.co.uk/news/business-34401041

    But the numbers for the major markets from July to September make for sobering reading.

    Dow - 7.9%
    FTSE 100 - 7.04%
    Dax - 11.74%
    Nikkei - 14.47%
    Shanghai Composite - 24.69%
     
  7. Monsta

    Monsta Member

    Joined:
    Sep 25, 2015
    Messages:
    322
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Sydney AU
    China will continue to unwind from the over-geared stocks bubble. It's all downhill from here until at least after Chinese New Year in my opinion. That said, I am not expecting another -25% quarter but it could be another 15% to go.

    The Dow has another 10% to go, all hinges on the rate rise.
     
  8. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
  9. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    Down 5.48% today
     
  10. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    "Unwinding a rigged system would be painful since prices would fall, and the government's response to July's crash shows that it fears falling prices. "

     
  11. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    Limit down move today, down 7%. US markets feeling abit doomish too
     
  12. Miksture

    Miksture Active Member Silver Stacker

    Joined:
    Oct 4, 2014
    Messages:
    674
    Likes Received:
    144
    Trophy Points:
    43
    Location:
    Brisbane, Australia
    China closed trading. AUD down. ASX only down 1% at openning. What is the implication for PMs?
     
  13. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,552
    Likes Received:
    977
    Trophy Points:
    113
    Location:
    New South Wales
    PMs in AUD have a nice tailwind behind them at the moment due to the sharp fall in AUD (No doubt resultant from the drop in China) but also the gold price in USD is up a bit and may have found a support level. Gold in AUD is up around 3% just in the last day or so.

    Good time to be in PMs if you're an Aussie methinks.
     
  14. Monsta

    Monsta Member

    Joined:
    Sep 25, 2015
    Messages:
    322
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Sydney AU
    Both my partner and I each grabbed 10oz into allocated during the weekend, was clearly a good idea!
     
  15. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,633
    Likes Received:
    117
    Trophy Points:
    63
    Location:
    sydney
  16. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,552
    Likes Received:
    977
    Trophy Points:
    113
    Location:
    New South Wales
    Surely this situation in China is a perfect example of why market intervention doesn't work and only draws out the pain longer.

    Lets get this crash over with so we can bury the dead and move forward again!
     
  17. aleks

    aleks Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    2,210
    Likes Received:
    27
    Trophy Points:
    48
    Location:
    Karl-Marx-Allee
    Doom doom doom

    $33 oil too
     
  18. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    Surely they'll be blow-back from this crap on Australia given China is a biggest trading partner. I'm surprised the AUD has been as strong as it has through the past few weeks/months. Still believe the floor will fall out of the AUD at some point though
     
  19. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

    Joined:
    Jul 21, 2015
    Messages:
    2,552
    Likes Received:
    977
    Trophy Points:
    113
    Location:
    New South Wales
    For sure. But the AUD dropping 2.5 cents in just a couple of days is a decent start wouldn't you say!?
     
  20. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    It's still only retracing previous gains made over the past few months. Need to see a drop below 69 cents
     

Share This Page