rigger Posted July 27, 2015 Report Share Posted July 27, 2015 http://www.telegraph.co.uk/finance/china-business/11766449/China-losing-control-as-stocks-crash-despite-emergency-measures.html ' Chinese equities have suffered the sharpest one-day crash in eight years, sending powerful tremors through global commodity markets and smashing currencies across East Asia, Latin America and Africa. The Shanghai Composite index fell 8.5pc despite emergency measures to shore up the market, with a roster of the biggest blue-chip companies down by the maximum daily limit of 10pc. The mood was further soured by news that corporated profits in China are now contracting in absolute terms, falling 0.3pc over the past year. The Chinese media reported on Monday night that the state regulator is ready to intervene with yet more stock purchases. It has already bought an estimated $250bn of equities and has borrowing lines for a further $450bn if necessary. Western banks say they are coming under heavy pressure from Chinese officials to refrain from negative comments. They are effectively gagged if they wish to do business in China. “Large parts of the market are closed, and those stocks that are still trading are selling off regardless of support measures. Clearly something very serious is happening,” said one economist. The long-standing assumption that the Chinese authorities know what they are doing has been shattered. The government’s heavy-handed measures include a ban on short sales and on new share issues, as well as pressure on the 300 largest companies to buy back their own stock, and forced purchases of stocks by brokerage houses.' Short sales ban .... Link to comment Share on other sites More sharing options...
callmejoe Posted July 28, 2015 Report Share Posted July 28, 2015 http://www.zerohedge.com/news/2015-07-27/here-come-witch-hunts-chinese-regulator-urges-traders-rat-out-malicious-sellers What Loss Of Control Looks Like: Chinese Regulator Urges Traders To Rat Out "Malicious Sellers" Link to comment Share on other sites More sharing options...
callmejoe Posted July 28, 2015 Report Share Posted July 28, 2015 http://www.zerohedge.com/news/2015-07-28/stuck-market-purgatory-how-chinas-citizens-lash-out-broken-market-their-own-words Stuck In Market Purgatory: How China's Citizens Lash Out At The Broken Market, In Their Own Words Link to comment Share on other sites More sharing options...
mSparks Posted July 28, 2015 Report Share Posted July 28, 2015 http://www.zerohedge.com/news/2015-07-28/stuck-market-purgatory-how-chinas-citizens-lash-out-broken-market-their-own-words Stuck In Market Purgatory: How China's Citizens Lash Out At The Broken Market, In Their Own Words Chinese shares look like they will be a huge buying opportunity in around 12 to 18 months once this rout of stupid farmers that think trading stocks is easier than feeding pigs is over with. that will accelerate western decline. Link to comment Share on other sites More sharing options...
drbubb Posted August 5, 2015 Report Share Posted August 5, 2015 China stocks are weakening: HK's Hang Seng Index ... update China's Shanghai Index ... update We have THIS too... BEARS may be ready soon... for a performance they will like. Pull up a seat, and watch it unfold Is FTSE about to lead the SPX lower (once again?) ... update Link to comment Share on other sites More sharing options...
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