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Chinese Stocks Plunge 8.5%, Biggest Decline Since February 2007
Monday, July 27, 2015 5:59
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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
The crash in Chinese stocks continued today following a respite last week.
Shares on the Shanghai index plunged 8.48%, the Biggest One-Day Plunge Since February 2007.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 8.6 percent, to 3,818.73, while the Shanghai Composite Index SSEC lost 8.5 percent, to 3,725.56 points.
The drops were the biggest since Feb. 27, 2007.
It wasn’t immediately clear what caused such a sharp tumble in the afternoon session. At midday, the two indexes were down about 2.5 percent.
Continue Reading at GlobalEconomicAnalysis.Blogspot.com…
Source: http://financialsurvivalnetwork.com/2015/07/chinese-stocks-plunge-8-5-biggest-decline-since-february-2007/?utm_source=rss&utm_medium=rss&utm_campaign=chinese-stocks-plunge-8-5-biggest-decline-since-february-2007
