A quest by Chinese authorities’ to curb a market selloff seen since mid-June took a major hit on Monday as the Shanghai Composite Index and Shenzhen CSI 300 Index plunged 8.5 percent, which was the worst daily loss since February 2007. But the losses could get worse. Chinese stock markets will continue to see ‘relentless selling’ which is likely … Continue reading
Chinese authorities are ramping up their efforts to stabilize its markets as initial public offerings (IPOs) will be suspended until further notice following nearly a 30 percent crash in stocks over the past three weeks that has wiped out $3.2 trillion of value, which is more than Brazil’s gross domestic product (GDP) and over 10 times the size of … Continue reading
China’s stock markets tumbled on Friday to near bear territory further deepening the sell-off that started two weeks ago. The Shanghai Composite, down 7.4% on the day, has fallen 19% from its June 12 high wiping out $1.25 trillion in market cap. The smaller Shenzhen and ChiNet indices also has plunged 20% from its recent … Continue reading