Chinese Stock Market Plunge Roils Markets

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

The Chinese government is preparing to buy shares of stock to stabilize their markets after a plunge of more than 8 percent on Monday that impacted markets across the world.

The government also threatened to “deal severely” with anyone who is found to be engaging in “malicious shorting of stocks” in the government’s opinion.

The two Chinese markets, the CSI300 and the SSEC lost 8.6% and 8.5% respectively.  Only 13 of the 1,114 stocks on the Shanghai Composite were up after Monday.

“Because of the high, still high leverage exposure of the Chinese markets, anything that triggers a decline in such a short time will see some negative spiral effects in such highly leveraged markets,” Raymond Yeung, senior economist of Greater China at the Australia and New Zealand Banking Group, told VOA.

The Chinese market collapse caused the Dow Industrial Average to fall 150 points at the opening Monday.

“The fear factor of China is very much alive in the market. That’s nearing us to some technical support levels,” said Peter Cardillo, chief market economist at Rockwell Global Capital told CNBC. “Slow growth out of China just complicates the oil picture.”

The Chinese market caused oil to fall below $48 a barrel.

One Chinese market expert says the government should allow the market to correct as Chinese stocks are overpriced.

“The valuation of Chinese [stock] markets remains over-priced, which creates rooms for further downward revisions. The government’s rescue measures could curb the slides in a short term, but are powerless in reversing the long-term trend,” Lu Suiqi, associate professor of economics at Peking University says.

2 thoughts on “Chinese Stock Market Plunge Roils Markets

  1. invest in the kingdom of GOD; for where your heart is their your treasure will be also; invest in the GOSSPELL of JESUS CHRIST; SAVED SOULS; babalon has fallen wo unto me for investing in socialism anti-CHRIST system of this world it is dieing almost dead. Consider the national debt of 218 trillion & only 211 trillion of resources on planet earth & rising daily. you want to invest in vest five fold ministry. Apostle. Prophet.Pastor.Teacher. Evangelist: invest in those who are telling the truth for the world hates them like it hates Israel & the jewish people Hates JESUS CHRIST.get away from popular contemporary it’s the world system in disguise they are ware houses to take the captive foolish to hell with them. if you do’t stand for something you will fall for every thing. Love not your life unto the death
    and i will give you a great reward in heaven. Be a solider in the army of the LORD invest KINGDOM. feed the hungry clothe the nacked, give those who ask, preach the GOSSPELL of JESUS CHRIST be HIS witness in the earth let your light shine, be HIS servant in all things; remember HE loves you HE will direct He wiil show you, who have you been thing about, do you feel & unction to go some where to do something to help some one to bless another do it , that’s your greatest investment; reaches beyond compare, their your kingdom the KINGDOM of GOD.

Leave a Reply