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Lucky Luciano

(11,256 posts) Wed Jan 6, 2016, 10:12 PM Jan 2016

Chinese stocks halted for the day shortly after opening. Down 7% for the CSI300.

This followed the CNY (Yuan) fix that was 0.5% weaker - biggest move since the shock 2% devaluation in August.

China still guiding it lower and showing their weakness - not wanting to burn through reserves to back the CNY.

Fun times.

If some is on a desktop, this is worthy of a latest breaking news if they can find a good article (Bloomberg?) to post

3 replies

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Chinese stocks halted for the day shortly after opening. Down 7% for the CSI300. (Original Post) Lucky Luciano Jan 2016 OP

Article link GummyBearz Jan 2016 #1

Two in three days. Oh wow. Shandris Jan 2016 #2

Yep. laundry_queen Jan 2016 #3

GummyBearz

(2,931 posts)

1. Article link

Reply to Lucky Luciano (Original post)

Wed Jan 6, 2016, 10:45 PM

Jan 2016

http://www.marketwatch.com/story/china-stock-trading-halted-early-after-7-plunge-2016-01-06

Shandris

(3,447 posts)

2. Two in three days. Oh wow.

Reply to GummyBearz (Reply #1)

Wed Jan 6, 2016, 10:48 PM

Jan 2016

These tremors could shake the foundation of a lot of things. Will be interesting to watch.

Interesting, of course, being a famous Chinese curse.

laundry_queen

(8,646 posts)

3. Yep.

Reply to Shandris (Reply #2)

Wed Jan 6, 2016, 11:31 PM

Jan 2016

Interesting times indeed. Haven't heard much about this which is surprising. Turning it to business news now (Canadian version) and it's all blahblahblahlowoilpricesblahblahblahlowdollarblahblahblah. Same as the last 6 months.

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