WTF? China's Stock Market Crashing!!

so it begins....

5.55% here!
[link to quote.morningstar.com]

why china?

its a rice sell off

Because china is big exporter now if the eurozone is kind of screwed they know this will have an impact on their exports or something like that.

Same thing with us everything comes from china so when stocks go down in us along with consumer confidance then chinese exports might be affected so traders start to speculate on a lower demand......

Bubble

Going, going, Gong!

China -5.07%

03:47 am EST

China's like, "OH FUCK! We'll have to enjoy some of this shit for ourselves! How are we going to continue to compile useless paper promissory notes!!!"

It looks like it ended on the day's low.

Quote Data as of 05-17-2010 03:59 PM CST
Last Value
2,559.93
Day Change
150.53 (-5.55%)

[link to quote.morningstar.com]

I read recently that there has been a massive house price bubble in China which recently burst. Home prices are down as much as 30% in parts of China. That's as bad as housing bubble regions in the US. That China might be a bubble economy is one of the worst things yet in this great recession. Alot of people thought a growing China would bail the world out of this mess. From what news is coming out of late, it ain't happening. They're gonna have to deal with their underwater mortgages first.

Old Chinese proverb "what goes up must come down"

10%+ is a crash

Maybe now we can bring back some manufacturing jobs to this country

In yer dream

How long as that wall been up now?

and in your far future (if you have one)

oh yeah,the second GREAT DEPRESSION

Australia ASX All Ordinaries Australia -142.30 -3.06% 4,500.70 3:56am ET

Shanghai SE Composite Index China -136.70 -5.07% 2,559.93 3:01am ET

Hang Seng Hong Kong -430.23 -2.14% 19,715.20 4:16am ET

Mumbai Sensex India -159.04 -0.94% 16,835.56 6:29am ET

Nikkei 225 Japan -226.75 -2.17% 10,235.76 2:00am ET

Taiwan TSEC 50 Index Taiwan -173.41 -2.23% 7,598.72 1:32am ET

[link to money.cnn.com]

The major European indices are all up again though. And US futures.

They say that Chinese stocks are a leading indicator though - the Chinese markets fell well ahead of the rest of the world in 08 too.

"So it begins" is like "genius", "diva", and "expert". They are the most overused words in the English language!!!!