China's stocks trading suspended again after tumbling over 5%

[schizo]

China's stocks trading suspended after tumbling over 5%
Source: Xinhua | January 7, 2016, Thursday |

ONLINE EDITION

TRADING on the Shanghai and Shenzhen stock markets was suspended in the morning session after shares tumbled over 5 percent, as the circuit breaker mechanism was triggered.

 

[wqking]

The total trading time is less than 30 minutes...

 

[Chubbly]

China stock exchange is something like 80% individuals which we call Retail traders here. Where as in N.A it is institutional and funds that hold most of the equities. Hence fear spreads fast in their market

 

[lawrence-lugar]

...again ...that's like twice already this year. -- and it's only the third trading day.

 

[schizo]

...again ...that's like twice already this year. -- and it's only the third trading day.

More like twice within a week. Mind boggling.

 

[kut2k2]

Most manipulated "market" on earth.

This is what happens when commies try (or pretend) to play capitalists.

 

[just21]

I used to get a csi300 chart on tradingview but it seems to have disappeared. Where do you chart the csi300 on the web?

 

[Chris Mac]

Most manipulated "market" on earth.

This is what happens when commies try (or pretend) to play capitalists.

So arrogant.
Of course US bankers and traders didn't manipulate subprimes market during 2004/2008.
It should be a "myth". Sure, that was a long time ago. Difficult to remember...
Of course New-Jersey's HFT traders don't manipulate quotes, do they?
Of course Fed is not artificially inflating assets during the last 7 years, is it ?

Man, wake up. "American dream" is over.

CM

 

[Stewie]

I used to get a csi300 chart on tradingview but it seems to have disappeared. Where do you chart the csi300 on the web?

Here is one I use... kinda crude... so if there are better options, that would be awesome. But its good enough to just have a little peak I think.

http://www.bloomberg.com/quote/SHCOMP:IND

Edit: Actually, here is a much better one.

http://www.investing.com/indices/csi-300-futures-chart

 

[schizo]

China Foreign Exchange Reserves 1980-2016

It appears that Chinese government is running through foreign reserves very quickly, not a good sign.

Foreign Exchange Reserves in China decreased by $108 billion to $3.33 trillion in December of 2015, the lowest since November 2012. The fall was bigger than expected and the most on record. Foreign Exchange Reserves in China averaged 826641.93 USD Million from 1980 until 2015, reaching an all time high of 3993212.72 USD Million in June of 2014 and a record low of 2262 USD Million in December of 1980. Foreign Exchange Reserves in China is reported by the People's Bank of China.

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