Chinese market collapse continues

Shares in mainland China have recorded their biggest one-day fall for more than eight years following a sell-off towards the end of the trading day. The Shanghai Composite closed down 8.5% at 3,725.56 after more weak economic data raised concerns about the health of world’s second largest economy. Profit at China’s industrial firms dropped 0.3% in June from a year ago. That followed data on Friday indicating that factory activity in July saw its worse performance for 15 months”.

Advertisements

One Response to “Chinese market collapse continues”

  1. “Circuit breakers have introduced wrenching anxiety” | Order and Tradition Says:

    […] he goes onto mention that “Chinese stocks have sustained massive losses in rent months, particularly over the summer of 2015, before embarking on a mild rally in late 2015. But on Jan. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: