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Chinese shares drop in dramatic slide
http://www.bbc.com/news/business-34037122 ^
Posted on 08/23/2015 9:30:42 PM PDT by TigerClaws
Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders.
The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's sharp losses.
The sell-off continued despite China's latest attempts to reassure investors.
Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.
(Excerpt) Read more at bbc.com ...
TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Front Page News; News/Current Events
KEYWORDS: stockmarket
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Black Monday on the way?
To: TigerClaws
The Nikkei and HSI are both down around 4.5%.
2
posted on
08/23/2015 9:33:42 PM PDT
by
LukeL
To: TigerClaws
To: TigerClaws
Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market. Do that and there is going to be a new revolution.
To: TigerClaws
DJIA futures down 388 @ 9:36 PM PDT.
5
posted on
08/23/2015 9:35:30 PM PDT
by
Signalman
To: Signalman
I think we’re going to have a 10% drop this week in U.S.. Major correction.
To: TigerClaws
Not sure because of the potential for a vicious bear-market rally (at any time), but it would only be a correction to an even more vicious bear market trend.
7
posted on
08/23/2015 9:36:50 PM PDT
by
steve86
(Prophecies of Maelmhaedhoc OÂ’Morgair (Latin form: Malachy))
To: TigerClaws
I think we are already down 10% for the year. Another 10% is possible as there is blood in the water and the sharks are feasting.
8
posted on
08/23/2015 9:38:57 PM PDT
by
packrat35
(Pelosi is only on loan to the world from Satan. Hopefully he will soon want his baby killer back)
To: TigerClaws
9
posted on
08/23/2015 9:44:26 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: TigerClaws
I though the stock market was over valued when it hit 12,000. I was positive when it hit 14,000.
10
posted on
08/23/2015 9:44:50 PM PDT
by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: packrat35
Give it a few weeks or months. Great time to buy back in...
11
posted on
08/23/2015 9:44:56 PM PDT
by
DoughtyOne
(It's beginning to look like "Morning in America" again. Comment on YouTube under Trump Free Ride.)
To: TigerClaws
How do you make a small fortune in the stock market?
Start out with a large fortune.
12
posted on
08/23/2015 9:47:11 PM PDT
by
july4thfreedomfoundation
(Liberals are like the Taliban and ISIS....destroying cultural icons they don't like.)
To: Signalman
Dow futures now down 401.
13
posted on
08/23/2015 9:48:45 PM PDT
by
PAR35
To: july4thfreedomfoundation
14
posted on
08/23/2015 9:49:34 PM PDT
by
silverleaf
(Age takes a toll: Please have exact change)
To: july4thfreedomfoundation
Especially true if you let me pick the stocks to buy.
15
posted on
08/23/2015 9:52:22 PM PDT
by
tatown
To: TigerClaws
Simon Littlewood, president at business advisory firm ACG Global told the BBC there were concerns that the world's second biggest economy was "a one-trick pony as they have been trying repeatedly over the past few months to put more liquidity into their economy", yet so far have failed to calm markets. I recall seeing articles over the past year or so about wealthy Chinese moving the liquidity (money) OUT of Red Chins -- I think most wealth is in the hands of Communist Party members so that ought to suggest what's really going on. Total collapse? Border-to-border Tiananmen Square? Revolution? Mao coming back.
No more Red China is a hell of a lot better than war with them.
16
posted on
08/23/2015 9:53:42 PM PDT
by
WilliamofCarmichael
(If modern America's Man on Horseback is out there, Get on the damn horse already!)
To: WilliamofCarmichael
"
one-trick pony as they have been trying repeatedly over the past few months to put more liquidity into their economy"
Unlike the US economy and US government strategy.
17
posted on
08/23/2015 9:55:26 PM PDT
by
LukeL
To: TigerClaws
Everyone should watch that video.
18
posted on
08/23/2015 10:01:19 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: TigerClaws
The 21st century is when everything changes. And Freepers are ready.
19
posted on
08/23/2015 10:19:54 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: TigerClaws
20
posted on
08/23/2015 10:22:29 PM PDT
by
gaijin
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