21372
China Stocks Tumble
World Economy

China Stocks Tumble

The stock market recovery that began in China last week after a slew of government steps to halt a crash ran abruptly out of steam on Wednesday, with markets dropping sharply in afternoon trade despite surprisingly positive economic data, Reuters reported. The CSI300 index fell 4.5% to 3,926.54 points, set for its biggest daily fall since July 8, when it closed down nearly 7%, while the Shanghai Composite Index lost 4.1% to 3,764.18 points. The worsening sentiment caused index futures to go negative across the board. CSI300 stock index futures for July fell 5.1%, to 3,796.8, 129.74 points below the underlying index, while the small cap CSI500 index saw many contracts near their maximum 10% daily downside limit.

Short URL : http://goo.gl/EpvJMa

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Italy CB Urges Caution on Possible Deficit Hike
The governor of the Bank of Italy urged caution on the nation’...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Trending

Googleplus