CHINA'S SHANGHAI COMPOSITE INDEX FALLS 10% FROM MAY 27 HIGH

Russian Market ‏@russian_market · 1m1 minute ago
#ChinaShanghai -6.7%
#HongKong -2.9%
#HangSeng -4.9%

China's key Shanghai Composite ended down 6.5 percent at a near one-week low, marking its biggest one-day loss since January 19 and breaking an eight-session winning streak. Meanwhile, Hong Kong shares tracked their mainland peers to recede more than 2 percent, hitting a two-week low.

HSI Hang Seng Index 27303.44

-777.77 -2.77%

Ioan Smith ‏@moved_average · 1m1 minute ago
Everyone's watching yen today! *BOK'S PARK: CLOSELY MONITORING YEN MOVEMENTS

Dollar hits highest vs yen since 2002, Aussie sags

[link to www.cnbc.com]

The greenback soared as high as 124.30 yen, and last stood at 124.15 yen.

*Russian Market ‏@russian_market · 2m2 minutes ago
Usually the markets in Europe & USA do the contrary of what China does. But on the next day...

[link to pbs.twimg.com (secure)]

[link to data.cnbc.com]

124.19
Last | 11:17:00 AM GMT

0.54 (+0.44%)

Change
39,321
Volume

zerohedge ‏@zerohedge · 1m1 minute ago
USDJPY new 12 year highs

zerohedge ‏@zerohedge · 16m16 minutes ago
CHINA'S SHANGHAI COMPOSITE INDEX FALLS 10% FROM MAY 27 HIGH

[link to data.cnbc.com]

Shanghai Composite Index (.SSEC :Shanghai Stock Exchange)

* Data is delayed

4,509.81 CNY
Last | 9:55:00 AM CTT

-110.46 (-2.39%)

Change
168,511
Volume

zerohedge ‏@zerohedge · 6m6 minutes ago
Japan now learning from BLS: unemployment rate drops to 3.3% even as employed drop by 280,000. How? Labor force crashes by 340,000

BBC News (World) ‏@BBCWorld · 3m3 minutes ago
China shares down in volatile trade [link to bbc.in]

down 4% at the lows now up.39%

Wall Street Journal ‏@WSJ · 7m7 minutes ago
Chinese stocks in huge reversal, investors spooked [link to on.wsj.com]

[link to pbs.twimg.com (secure)]

[link to foreignpolicy.com (secure)]

What Happens When Everyone Is a Chinese Stock Market Genius


China's biggest index just took a stomach-churning plunge. Is it a sign of things to come?


A customer strolls into a bookstore, goes the popular Chinese joke, and tells the salesperson: “I’m looking for a book with no killers, but much bloodshed; with no love, but great regret; with no spies, but constant paranoia. Can you make a recommendation?” Just one, the salesperson replies: The State of the Chinese Stock Market.

Then there’s this one about a Chinese investor: “In the morning, he watches the K-line graph,” which tracks the perambulations of a share’s price. “In the afternoon, he goes to the hospital to watch his electrocardiogram.”

These are just two of many snippets of gallows humor widely shared in the dark days of the Chinese stock market. They have been few in number of late, but their impact has been keenly and widely felt. On May 28, the standard-bearing Shanghai Composite Index lost an astonishing 6.5 percent to 4,838 points — by way of illustration, if the market fell at that rate for 12 days, which it almost certainly won’t, it would lose over half of its value. That plunge stands alongside another dip on May 5, 6, and 7, when the Shanghai index blipped lower, losing 8.5 percent of its value over three days. Even the smaller gyration in early May was severe enough to wipe out $1.4 trillion in paper value – meaning an average of more than $7,000 from each account holder — from China’s stock market, which was established in 1990 in the early days of the country’s economic reforms. It was described, at the time, as an “explosive fall” in Chinese press and social media.

wow, just wow


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