Friday’s announcements were largely aimed at putting a floor under the tumbling stock market. Beyond putting a floor, the moves fueled a rally. The Shanghai index .SSEC jumped 2.6 percent. Even with t... ( read original story ...)
China’s stock market is getting pummeled and history shows that is bad news for US markets
Over the past 10 years, when Shanghai stocks fell 10 percent or more in a 30-day period, the U.S. stock market was up only about 30 percent of the time, and the U.S. indexes all averaged significant d... ( read original story ...)
GLOBAL MARKETS-Asia shares erase losses as China’s market support helps Shanghai surge
China shares see-sawed but were up firmly in early afternoon trade following statements of government support for the market. The Shanghai index .SSEC, which in the morning fell to its weakest level i... ( read original story ...)
Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling
Bigger issues than propping up the stock market beckon. Today, the Shanghai Composite Index dropped another 2.9% to 2,486.42. In the bigger picture, that’s quite an accomplishment: Lowest since Novemb... ( read original story ...)
HSBC Could Become the First Foreign Company to List Shares in China
HSBC Holdings Plc is examining plans for the upcoming Shanghai-London trading link, a move that could see Europe’s largest bank list shares in China. London-based HSBC (hsbc) is the first U.K ... ( read original story ...)
Tesla pays $140m for lease on first non-US factory in Shanghai
Tesla, the US electric car company, has paid Rmb973m ($140m) to lease an 860,000 square metre plot of land near Shanghai’s port for its first major vehicle factory outside the US, as it tries to expan... ( read original story ...)
China stock market rocked by forced sellers; yuan hits fresh low
testing the government’s ability to maintain market calm as risks mount for Asia’s largest economy. Fears of widespread margin calls fueled a 3 percent tumble in the Shanghai Composite Index, which sa... ( read original story ...)