china stockexchange sse
- Thread starter Peter
- Start date
-j-p-shmorgan
New Member
...And to think....a few months ago I was thinking about shorting their market....
Never would have been able to get my money out - glad I wasn't invested. lol
Never would have been able to get my money out - glad I wasn't invested. lol
The SSE 50, comprising the 50-largest firms by market cap in Shanghai tumbled by over 9%.
http://www.businessinsider.com/shanghai-composite-index-crash-2015-7?IR=T
Down 5.1% today before further government intervention.
http://www.cnbc.com/2015/07/27/china-stock-market-turmoil-when-will-it-end.html
http://www.cnbc.com/2015/07/27/china-stock-market-turmoil-when-will-it-end.html
Everything down about 3-4%.
http://www.bloomberg.com/markets/world
Just in time for September market doom.
http://www.bloomberg.com/markets/world
Just in time for September market doom.
It was China that saved Western capitalism from itself in 2009. But it is now the biggest threat to a lasting recovery, and financial markets have just woken up to the idea, writes Ian Verrender.
It doesn't take much to rattle investors these days.
The global economy is riddled with contradictions and beset by a niggling sense that the next global financial meltdown is just around the corner.
Even my old mate Rupert succumbed late last week and began mongering his very own fear, indulging his newfound love of the Twit to ruminate on his vision of Armageddon.
External Link
Rupert Murdoch Twitter
And this:
External Link
Rupert Murdoch Twitter
Rupe and I don't often see eye to eye on many issues but, on this one, he's nailed it. If his concerns, or fears if you will, appear contagious, it's mostly because they contain a compelling logic.
Friday night saw Wall Street notch up its worst performance in four years with a 531-point drop, a slump of 3.1 per cent. Last week, it seems, America woke up to the idea that all is not well in the world.
That all this has come as a surprise is the biggest surprise of all. Company earnings have been uninspiring for years, with earnings driven by cost cutting rather than spending, corporate investment globally has been poor and the only reason stock markets have risen to records is that, with interest rates so low, there has been nowhere else to park money.
For more than three years, Wall Street's bond and equity markets have been involved in an epic and unprecedented battle of wills, with wildly diverging views of the global economy.
Both have surged to records which, in effect, means bond traders have been betting the
ABC drum
http://mobile.abc.net.au/news/2015-08-24/verrender-the-china-tide-has-turned/6718980
It doesn't take much to rattle investors these days.
The global economy is riddled with contradictions and beset by a niggling sense that the next global financial meltdown is just around the corner.
Even my old mate Rupert succumbed late last week and began mongering his very own fear, indulging his newfound love of the Twit to ruminate on his vision of Armageddon.
External Link
Rupert Murdoch Twitter
And this:
External Link
Rupert Murdoch Twitter
Rupe and I don't often see eye to eye on many issues but, on this one, he's nailed it. If his concerns, or fears if you will, appear contagious, it's mostly because they contain a compelling logic.
Friday night saw Wall Street notch up its worst performance in four years with a 531-point drop, a slump of 3.1 per cent. Last week, it seems, America woke up to the idea that all is not well in the world.
That all this has come as a surprise is the biggest surprise of all. Company earnings have been uninspiring for years, with earnings driven by cost cutting rather than spending, corporate investment globally has been poor and the only reason stock markets have risen to records is that, with interest rates so low, there has been nowhere else to park money.
For more than three years, Wall Street's bond and equity markets have been involved in an epic and unprecedented battle of wills, with wildly diverging views of the global economy.
Both have surged to records which, in effect, means bond traders have been betting the
ABC drum
http://mobile.abc.net.au/news/2015-08-24/verrender-the-china-tide-has-turned/6718980
