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Tag: Shanghai Stock Exchange

China Fist (Goh Chai Hin / Getty)

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 stock crash (Isaac Lawrence / AFP / Getty)

China Contagion: Hong Kong Growth Stock Index Plunges 13%

Despite suspending trading in over 1300 of the 2800 stocks listed in China, the “Shanghai Stock Exchange B Share Index” of growth stocks suffered another 7 percent loss Tuesday and the neighboring Hong Kong ‘S&P Growth Enterprise Market Index’ plunged by 12 percent. With Chinese stock losses now over $3.5 trillion since June 12, contagious fear is sending every major stock exchange around the world tumbling.