China stock markets continue nosedive as regulator warns of panic - July 8, 2015

[sharon sanders]

[h=1]China stock markets continue nosedive as regulator warns of panic[/h]


Main markets open sharply down as nearly 700 companies request their shares be suspended in unprecedented move

more...

http://www.theguardian.com/business...sedive-as-regulator-warns-of-panic?CMP=twt_gu

 

[sharon sanders]

China stocks dive in panic selling


HONG KONG (MarketWatch) -- Published: July 7, 2015 10:56 p.m. ET

Chinese stocks plunged rapidly out of the Wednesday open, with the Shanghai Composite Index SHCOMP, -4.05% starting down 7% and extending the loss to 8.2%, before recovering slightly to 4.8%.

more...

www.marketwatch.com/story/china-stocks-dive-in-panic-selling-2015-07-07

 

[sharon sanders]

This looks like a meltdown.....


snip
Mainland Chinese stocks tumbled sharply on Wednesday as sell orders piled up in an increasingly fragile market where an unprecedented 51 per cent of all listed shares are now voluntarily suspended from trade, locking up some US$2.2 trillion of previously tradeable market capitalisation.

8 Jul 2015 - 11:32am 10

• China market regulator and central bank expand rescue plan to stop panic selling in equities
• US-listed Chinese stocks like Alibaba, JD.com sink in line with falls in Shanghai, Shenzhen

http://www.scmp.com/frontpage/international

 

[sharon sanders]

Live Bloomberg television online:

http://www.bloomberg.com/live

 

[sharon sanders]

Stock market slide spills over into general economy....



China’s Stock-Market Rout Puts Car Sales in ‘Meat Grinder’


http://www.bloomberg.com/news/articl...-meat-grinder-

 

[Vibrant62]

As shareholders are mostly small scale domestic retailers and citizens, soemthing has triggered this wholesale loss in confidence. Once started it becomes a spiral. My question is, what has triggered this? I am not seeing much plausible explanation anywhere in these reports?? Caveat: no expert in finance markets. Perhaps someone can elucidate?

 

[alert]

As shareholders are mostly small scale domestic retailers and citizens, soemthing has triggered this wholesale loss in confidence. Once started it becomes a spiral. My question is, what has triggered this? I am not seeing much plausible explanation anywhere in these reports?? Caveat: no expert in finance markets. Perhaps someone can elucidate?

My understanding is that a bubble has popped, just like happened in the USA in 1929 or the early 2000s. And from what I've read on this, large number of people have been buying Chinese stocks on margin, so the market continues to decline as people sell stocks to meet their margin calls.

 

[sharon sanders]

As shareholders are mostly small scale domestic retailers and citizens, soemthing has triggered this wholesale loss in confidence. Once started it becomes a spiral. My question is, what has triggered this? I am not seeing much plausible explanation anywhere in these reports?? Caveat: no expert in finance markets. Perhaps someone can elucidate?

1) Weaker economic growth in China, plus,

2) A market correction as the Shanghai market has run up 150% in the last year, plus

3) Popularity of margin trading, plus

4) Yuan is not allowed to float on world currency markets, plus

4) Lack of faith in China government (i.e, secret jails, no freedom of press, etc.)

 

[sharon sanders]

Video at link. The data part of the article is reflecting Monday's trading results.

Chinese media are not permitted to cover any protests about the stock market crash.


Stock market crash, investors protest in front of the Commission
(Boxun Beijing July 7, 2015 starting - support text Author / Reporter )

[FONT=&#23435]Dissatisfaction with the stock market crash, investors who came to protest in front of the Commission inadequate rescue authorities.[/FONT]



[FONT=&#23435]Tuesday July 7 A-share market volatility fell. The Shanghai Composite Index closed at 3727.12 points, down 1.29%; Shenzhen Component Index closed at 11,375.6 points, down 5.80 percent. Shenzhen A shares of 84 stocks up, 1,931 stocks fell. [Boxun starter, reproduced please indicate the source] - supports text Author / Reporter (CVN boxun.com) 1,702,353 [/FONT]

zwww.boxun.com/news/gb/china/2015/07/201507072353.shtml#.VZ01ovlViko


machine translation