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Wednesday, July 8, 2015

Chinese stock plunge leads Asia lower.- 7/8/2015

  • Chinese shares plunged again today as investors shrugged off a series of regulatory support measures, including a PBOC statement this morning that affirmed it would support market stability by providing liquidity, while guarding against financial risk.
  • Nearly half of all Chinese listed companies have now suspended their shares from trading to insulate themselves from the meltdown.
  • The panic in mainland markets is also rippling across the border, knocking Hong Kong down 4.7% and Japan down 3%.
  • Shanghai -4.5%; Shenzhen -2.6%
  • ETFs:
  • FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY, CHAU
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