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Chinese shares drop in dramatic free-fall(-8.4%)
BBC ^
| 24 August 2015
Posted on 08/23/2015 7:31:31 PM PDT by TigerLikesRooster
Chinese shares drop in dramatic free-fall
24 August 2015
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; Foreign Affairs; News/Current Events
KEYWORDS: china; economy; stock; stockmarket
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To: TigerLikesRooster
2
posted on
08/23/2015 7:32:27 PM PDT
by
halo66
To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
3
posted on
08/23/2015 7:32:37 PM PDT
by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
Let the Mao-ist bastards choke on it. They deserve it.
4
posted on
08/23/2015 7:32:46 PM PDT
by
EagleUSA
(Liberalism removes the significance of everything.)
To: TigerLikesRooster
I don’t think a stock market falls 8.4% in hours over concerns about slowing growth. I think the Chinese stock market is collapsing because investors have finally figured out that their entire economy is pretty much a con game.
5
posted on
08/23/2015 7:33:23 PM PDT
by
Alberta's Child
("It doesn't work for me. I gotta have more cowbell!")
To: TigerLikesRooster
Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.When will they ever learn? Government makes the problems worse when they intervene. Allow the market to correct itself, and stay out of market manipulation. It's that simple... But sadly, those in power cannot conceive of any solution that does not involve them doing something, and taking credit for it.
6
posted on
08/23/2015 7:33:59 PM PDT
by
Teacher317
(We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
To: TigerLikesRooster
Forward to progress!!!
Oh wait, wrong communist regime.
7
posted on
08/23/2015 7:34:38 PM PDT
by
datura
To: TigerLikesRooster
We're going to have another 550-600 point bloodbath in the DJIA, though. Maybe it's time to reimpose the 1990's circuit breaker rules to slow down trading, especially the high-frequency trading that can exacerbate a decline.
8
posted on
08/23/2015 7:35:30 PM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: RayChuang88
The ChiComs did their own version of that.
9
posted on
08/23/2015 7:37:14 PM PDT
by
datura
To: TigerLikesRooster
10
posted on
08/23/2015 7:37:43 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: Alberta's Child
11
posted on
08/23/2015 7:39:14 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: Teacher317
“Market Interventions” are inevitably a bail-out for someone’s bad investment choice — usually someone well connected to the government/bank. Applies to all G-20 countries, not just the PRC.
12
posted on
08/23/2015 7:39:24 PM PDT
by
sefarkas
(Why vote Democrat Lite?)
To: TigerLikesRooster; Kartographer; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; ...
And that, my friends, is what happens when you have Crony Communism, where state-owned companies and communist-affiliated businessmen control most of the wealth.
And on Monday, our own economy, consisting of crony corporatism, excessive regulation, massive government spending and easy money, will suffer some more as well.
PING!
13
posted on
08/23/2015 7:40:01 PM PDT
by
Tolerance Sucks Rocks
(Democrats and GOP-e: a difference of degree, not philosophy)
To: RayChuang88
We have such breakers on the ready. Though, they never come into play for when the markets go up.
14
posted on
08/23/2015 7:40:21 PM PDT
by
Theoria
(I should never have surrendered. I should have fought until I was the last man alive)
To: sefarkas
Market Interventions, brought to you by the Dukes of Moral Hazard.
15
posted on
08/23/2015 7:40:54 PM PDT
by
Tolerance Sucks Rocks
(Democrats and GOP-e: a difference of degree, not philosophy)
To: TigerLikesRooster
im ready to make some money tomorrow
16
posted on
08/23/2015 7:41:18 PM PDT
by
11th_VA
("We're not gonna take it ANYMORRRRRE !!!")
To: Jack Hydrazine
17
posted on
08/23/2015 7:41:25 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: TigerLikesRooster
18
posted on
08/23/2015 7:41:51 PM PDT
by
RightGeek
(FUBO and the donkey you rode in on)
To: 11th_VA
Are you going to short like there’s no tomorrow?
19
posted on
08/23/2015 7:42:11 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: Jack Hydrazine
Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains WTF? The Shangai Composite was up 60% for the year before this collapse? LOL. That couldn't have been based on anything close to reality.
20
posted on
08/23/2015 7:42:17 PM PDT
by
Alberta's Child
("It doesn't work for me. I gotta have more cowbell!")
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