china stock market

China New Year: Stocks Crash, Gold Jumps

China welcomed the New Year with a 7 percent stock market crash that was so intense that government authorities suspended trading across the nation. Markets around the world plunged, with Asia and Europe down -3 percent, U.S. markets down 1.7

China crash (Andy Wong / Associated Press)

China Communist Party’s ‘Iron Fist’ Halts Stock Crash

Despite authorities suspending trading in over 50 percent of domestic stocks, banning large holders from selling, funding state-owned financial institutions’ purchases, and arresting short-sellers, China’s CSI 300 Index crashed in the morning Thursday, before eking out a 2 percent gain by midday.

China Fist (Goh Chai Hin / Getty)