2015-07-28

China, Shanghai Composite Index, Global Economic Ramifications (videos)


July 28, 2015: Chinese Government Support Tested as Stocks Extend Rout - Chinese stocks fell in volatile trading, extending the biggest one-day loss since 2007, as concern grew unprecedented government intervention will fail to shore up equities.

Chinese Stocks Fall in Volatile Trading, Extend Rout - Bloomberg Business (July 28, 2015)"Chinese stocks fell in volatile trading, extending the biggest one-day loss since 2007, as concern grew unprecedented government intervention will fail to shore up equities."


The Shanghai Composite Index Took a Beating Monday, July 27th: Joe Weisenthal's Killer Chart (video above)

Shanghai Composite Index dropped -345.35 (8.5 percent) to 3,725.56 at the close on July 27, 2015:  China Has Biggest One-Day Stock Crash Since 2007 - Bloomberg Business (July 27, 2015): "China’s stocks tumbled, with the benchmark index falling the most since February 2007, amid concern a three-week rally sparked by unprecedented government intervention is unsustainable."

The ramifications will affect the global economy -- check current Shanghai Composite Index



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