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China Stock Market Collapse – Tanks 8% Biggest One Day Loss in 8 Years. Global Collapse Near?
China’s stock markets continued to fall Tuesday (July 28), sinking as much as 5% in morning trading before recovering somewhat by the end of the trading day—another sign that an onslaught of government support to keep stock prices high is making investors nervous.
Beijing has vowed to step up its interventions in China’s volatile stock market following a traumatic day on Monday when stocks suffered their greatest losses since 2007. A government controlled stock-buying agency would “continue to buy stocks to stabilise the market”, China’s security’s regulator, the CSRC. The regulator was also now investigating “huge stock sell-offs by some individuals and will punish any malicious short selling Tokyo’s Nikkei fell more than 1%, with a strong yen accelerating the decline. Australian shares fell 0.9% and South Korea’s Kospi shed 1%.
“There are a lot of different parts of the economy that are showing weakness and the collapse of the stock market is just another symptom of the fragility of the Chinese economy right now.” The latest day of frenzied selling – which analysts said reflected weaker economic data out of China as well as a lack of confidence in Beijing’s response to ongoing stock market chaos – was a slap in the face for the country’s Communist party leaders. Beijing launched an unprecedented push to prop up the country’s stock market after a collapse that began in mid-June saw more than $3tn wiped off the value of listed companies. “stock market” stocks china chinese 2015 2016 markets economy “real estate” shares trading investment investor funds collapse market bubble “stock market bubble”
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SOURCE: Elite NWO Agenda
