china stockexchange sse

[willrocks]

I wonder if they'll stop trading at 10%

 

[leo25]

Finally markets start to act logical.

 

[willrocks]

SSE down -8.45% today.

 

[trew]

Finally markets start to act logical.

Well not yet - we've still got stocks coming off record highs with zero interest rates and money printing all over the world.


and 3 bedroom house in Glen Waverley (ordinary outer Eastern suburb in Melbourne) sold for $6 million last week because the 1,500 sqm corner block is apparently worth that much to a developer.

 

[leo25]

Finally markets start to act logical.

Well not yet - we've still got stocks coming off record highs with zero interest rates and money printing all over the world.

and 3 bedroom house in Glen Waverley (ordinary outer Eastern suburb in Melbourne) sold for $6 million last week because the 1,500 sqm corner block is apparently worth that much to a developer.

haha yea we are still a bit off logical, but one step in the right direction.


9% now

 

[willrocks]

I can't believe they actually thought it would work.

Beijing's leaders appear to have belatedly decided it is too expensive and ultimately futile to fight gravity in the equity market, especially as the government is now intervening separately on a massive scale to stop its currency from devaluing further.

http://www.smh.com.au/business/markets-live/markets-live-fear-strikes-wall-st-20150824-gj6tk1.html

 

[trew]

I can't believe they actually thought it would work.

Beijing's leaders appear to have belatedly decided it is too expensive and ultimately futile to fight gravity in the equity market, especially as the government is now intervening separately on a massive scale to stop its currency from devaluing further.

You have to put it through the BS translator first:

Beijing's leaders have decided that now that all their friends and relatives have offloaded their stocks to the state and locked in their profits, the rest of the population is on their own.

 

[Peter]

China down 4.5%, rest of asia ok.

 

[sterling-nz]

China down 4.5%, rest of asia ok.

I am seeing another 5.2% down and red for the rest of Asia as well.
Am i getting a bad feed?

 

[Peter]

http://www.allstocks.com/markets/World_Charts/world_charts.html

Chima down 6.7%

 

[sterling-nz]

http://www.allstocks.com/markets/World_Charts/world_charts.html

Chima down 6.7%

Terrible isn't it?
Am i correct in my belief that all those with funds tied up in China just have to sit and watch them disappear as they are not allowed to cash out?

 

[Peter]

Down 1.7%

 

[sterling-nz]

Down 1.7%

It all adds up Peter.
1.7%+8%+7%+?+?= a shit load of money in someones pocket

 

[Peter]

UP 5.3%

 

[Peter]

Down 2%

 

[willrocks]

Down 2%

It says -3.39% on Google finance.

 

[Peter]

https://au.finance.yahoo.com/q?p=finance.yahoo.com&s=^SSEC&d=t

1.42 Sydney time

 

[Peter]

Down 3%,1 pm syd. Time

 

[Peter]

Wall St, Europe markets tumble again as investor worries about Chinese economic growth intensify
By finance reporter Simon Frazer
Updated 18 minutes ago
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There has been another night of heavy selling on Wall Street and in Europe, as investor worries about Chinese economic growth intensify.

In New York, the S&P 500 closed down 3 per cent (58 points) at 1,914.

Bluechip stocks fared better, with the Dow Jones industrial average falling 2.8 per cent (470 points) to 16,058.

The catalyst for the falls was the same as the Australian share market's losses yesterday: weak Chinese manufacturing data.

Abc news

Dax down 2.5% sse 1%

 

[willrocks]

Down 2.52% today.