Tag: Chinese stock market crash

Via ZeroHedge

Last week’s dead cat bounce in Chinese stocks – after Beijing did everything but launch a multi-trillion fiscal stimmy bazooka (something it will do, later if not sooner) – is a distant memory, and as Asian markets open for trading in the news week, Chinese markets are cratering with the Shanghai Composite plunging as much as 3.1% to a fresh five-year low..

… while the broader CSI 1,000 Index is also in free-fall and also on pace to re-test the 2018 lows with as many as 990 of the 1000 companies of the index in the red.

Continue reading “Beijing Powerless As Chinese Stocks Crater After Trump Confirms He Will Impose 60% Tariffs”

Via ZeroHedge

Last week’s violent stock selloff has resumed as a new week begins, with Asian and European markets tumbling, and US futures trading at session lows, but nowhere is the panic selling worse than in China, where the stocks, commodities and the yuan all tumbled. The CSI 300 equity benchmark slumped 4.9%, its biggest drop since Feb 2020, to the lowest level since May 2020 and wiping out gains from a March pledge by officials to support the economy as fears that the Covid breakout in Shanghai is spreading to Beijing, sparking new concerns about China’ economic and earnings growth outlook. The Shanghai closed more than 5.1% lower, and the  CSI 300 Index is set for for its sixth session of declines in seven, on track to extend this year’s drop to 22%. Some indexes carrying Chinese stocks are ranking among the world’s worst-performing equity gauges for 2022.

It was just as ugly across all regional markets:

Continue reading “Chinese Stocks, Yuan, Commodities Crash As Covid Plunges Country Into “Darkest Moment In Decades””