China: trading rallies after volatile start to 2016

[snoop1130]

China: trading rallies after volatile start to 2016
Euronews

CHINA -- Following a volatile first week of the year, the Shanghai Composite closed two percent higher on Friday (January 8).

Trading in China’s markets has twice been halted by a circuit breaker and, despite rallying Shanghai ended the week down by around ten percent.

On Thursday European and US markets took a hit when trading in China’s stock markets closed after just under 30 minutes.

Fears for the economy pushed the Chinese central bank to make efforts to strengthen the yuan.

Despite a tumultuous day’s trading in China, European stock markets opened slightly higher on Friday. In Frankfurt, the Dax was up 0.33 percent, while in London the FTSE 100 was up 0.36 percent.

Focus will now shift to the US, where unemployment figures are due to be released.

Source: http://www.euronews.com/2016/01/08/china-trading-rallies-after-volatile-start-to-2016/

-- (c) Copyright Euronews 2016-01-08

[car720]

Don't write them off too soon.

[craigt3365]

Nobody really knows the magnitude of the problem. Not even the Chinese! LOL

Scary.

[Usernames]

Nobody really knows the magnitude of the problem. Not even the Chinese! LOL

Scary.

The less financial markets are transparent, the greater the crash.

[elgordo38]

Don't write them off too soon.

Dead cat bounce wait till Monday. You cannot turn a nation of long term tuck it under the mattress savers into consumers. They may be Chinese but they in the end do not trust the government which is normal who does? put up your hand. That is why they save. They also buy gold in large quantities because they do not trust paper. We seem through greed to have lost our thinking/prospective on the history of paper money. If the selling continues the flood gates will open wide and the exit door will get narrower. I remember still 1987. Oh the pain.

[Scott]

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