Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary)

Chinese Stocks Crash Most In 19 Years, Re-Open Limit Down (Despite PBOC Hail Mary)

Submitted by Tyler Durden on 06/28/2015 23:22 -0400

Carnage…
*CHINA STOCK PANIC SELLING TO CONTINUE, CENTRAL CHINA ZHANG SAYS
This leave China's CSI-300 broad stock index futures up just 7% year-to-date…
*CHINA CSI 500 STOCK-INDEX FUTURES FALL BY MAXIMUM 10% LIMIT
*CHINA CSI 500 STOCK-INDEX FUTURES FALL BY LIMIT FOR 2ND DAY

*HKEX DROPS AS MUCH AS 7.3%, MOST SINCE SEPT. 2011
*SHANGHAI COMPOSITE INDEX EXTENDS DROP TO 7.5%
*SHANGHAI COMPOSITE HEADS FOR BIGGEST 3-DAY DROP SINCE 1996

Carnage-er…

*CHINA'S CSI 300 INDEX FALLS 3.4% TO 4,190.3 AT BREAK
*CHINA'S SHANGHAI COMPOSITE FALLS 3.8% TO 4,035.48 AT BREAK
*CHINA'S CSI 500 STOCK INDEX FUTURES EXTEND LOSSES TO 5.7%
*CHINEXT INDEX PLUNGES 7.8% FOR 3-DAY 20% SLIDE

After The People's Daily proclaimed… “investors were moved to tears” thanks to the PBOC's actions…
*FOUNDATIONS FOR A-SHARES ARE `SOLID': CHINA SECURITIES JOURNAL
*CHINA STOCK MARKET TO HAVE 30 YEARS `GOLDEN AGE': SEC. JOURNAL

The bounce is dead. CHINEXT – China's tech-heavy high beta 'Nasdaq' – is down 5-6% today, 19% in 3 days, and 33% from highs in early June…!