China stocks bounce big, but there’s reason to think the recovery won’t stick
Stocks in Hong Kong and Shanghai rallied strongly today, Tuesday August 7, after The China Daily, citing an unidentified official at the National Development and Reform Commission, reported that the government would roll out more policies to improve investor appetite...
Shanghai’s back–stocks plunge 6.4% overnight
Overnight the Shanghai Composite Index plunged 6.4% on fears that the central bank was looking to tighten liquidity and that government leaders were thinking about policies to reduce speculation
Traders, so far, not willing to go all in on relief rally
The Standard & Poor’s 500 index was up up 0.94% as of noon New York time. The Dow was ahead 1.23%. But that’s not a very big move considering how the indexes have been pounded recently
People’s Bank moves to stabilize yuan; Shanghai market holds 3000
China’s Shanghai market crept to a small gain–0.2% on the Shanghai Composite Index–as the People’s Bank intervened repeatedly to support the yuan in the offshore currency market.
Progress? Shanghai market stays open for trading all day and drops 5% just for the session
A 5% drop in Shanghai certainly isn’t good news but if what we looking foris for the market to clear with everybody who wants/need to sell able to sell, then this was a good day.
Chinese regulators to suspend Shanghai stock circuit breakers as of tomorrow January 8
The new circuit breakers that were supposed to damp market volatility in Shanghai have lasted less than a week. The mechanism, introduced on Monday, January 4, will be suspended tomorrow January 8
China fears again–but this time it’s not (mostly) the economy
The 2.6% drop in the Shanghai Composite Index, the biggest drop since November 27, looks like it was triggered worries by about the end of a six-month ban on stock sales by shareholders with stakes of 5% or more.
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Chinese regulators change course again–now it’s arrests to stop China’s stock market bear
A week after China’s financial market regulators sent the Shanghai and Shenzhen markets tumbling by announcing that they were ending their direct buying of shares on those exchanges, and days after those same regulators sent shares climbing again by announcing that they would reverse that decision and resume direct purchases, today the Chinese government has indeed decided to end direct share purchases.
Finding a bottom for China’s Shanghai market–some very tentative thoughts
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A good day in Shanghai as stocks fall “only” 1.68%
The Shanghai market, which fell 8.5% yesterday, started today with a 5.1% drop before recovering to close down just 1.68%. So, yes, Shanghai stocks did do better than they did in yesterday’s historic rout and they did rally from an early morning performance that had all the feel of a continuation of yesterday’s panic. But “recovery”?
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