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globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Monday, August 24, 2015 12:25 AM
Chinese stock plunged another 296.55 points today (8.45%) to 3211.20. The market was once up over 60% on the year in June, but is now negative.
I added that last red bar because Stockcharts reflects last Friday.
One Hell of a Round Trip
From 3264 to 5178 to 3211 is one hell of a round trip, especially for a stock market index.
Bloomberg notes State Support Fails to Stop Rout.
The post One H#ll of a Round Trip: Chinese Stocks Crash 8.45%, Give Up 60% Gains This Year appeared first on Silver For The People.