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China stocks plunge, trigging another market halt

8 Comments
By JOE McDONALD

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8 Comments
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Hmm, what a great idea... China's efforts to control what should be a free market are having completely the opposite effect, encouraging nervous investors to join a stampede to sell every time the market starts to dip.

It's a triumph of wishful thinking over market realities, which even the might of the CCP cannot ultimately control.

4 ( +4 / -0 )

It is a mistake Yuan is an international hard currency. as long as CCP controls the market. This is a very expensive lesson for investors who are still poring money into China.

2 ( +3 / -1 )

George Soros Sees Crisis in Global Markets That Echoes 2008 ...

<www.bloomberg.com/.../global-markets-at-the-beginning-of-a-crisis-george-soros-says>>

0 ( +0 / -0 )

I fear for the common punter who have invested their 'hard earned' and lost. I am afraid the poo has yet to hit the fan. This sorry saga is anything but played out.

1 ( +1 / -0 )

The rise in Chinese shares wasn't based on fundamentals. It was based on emotive trading by investors who bought overvalued stocks and a correction was inevitable.

3 ( +3 / -0 )

Wasn't this expected of a country and its people pretty much treating its economy as a casino? End result looks like house and gamblers both folding.

1 ( +1 / -0 )

"the common punter who have invested their 'hard earned' and lost."

Much of it wasn't "earned." It was borrowed.

1 ( +1 / -0 )

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