Jul 02

china-crash

China Crash Accelerates, Drags Composite Under 4000; US Futures Flat Ahead Of Nonfarm Payrolls (ZeroHedge, July 2, 2015):#

If it was Greece’s intention to crush the Chinese stock market instead of Europe’s, well – it succeeded.  Because despite the PBOC and politburo throwing everything but QE at the stock market, China stocks closed down sharply on Thursday after another wild trading day as investors shrugged off regulators’ intensified efforts to put a floor under the sliding market, by cutting trading fees and easing margin rules, which has now crashed 25% in about two weeks wiping out $2.5 trillion of the peak $10 trillion in Chinese stock market cap as of June 14. This ultimately resulted with the Shanghai Composite closing under 4000 for the first time since April.

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One Response to “China Crash Accelerates, Drags Composite Under 4000; US Futures Flat Ahead Of Nonfarm Payrolls”

  1. Marilyn Gjerdrum Says:

    Just like the US markets, Chinese rig theirs to the maximum……Their truth is often hard to find.
    My guess is that this report reveals a lot of truth, just like the west, China is mired in debt.
    The web of endless sales of bundles of debt is breaking into pieces.
    It had to happen.
    Nothing lasts forever, even when governments lie.

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