July 4, 2015
STOCKS ARE FUTURES, THE PRC HAS NONE:
Panic wipes £2tn off Chinese shares (Phillip Inman, 3 July 2015, The Guardian)
China's efforts this week to stem the tide of losses on its main stock market failed on Friday when the Shanghai Composite index plunged a further 5.8%, taking the drop in share values to 28% since their June peak.Panic selling wiped more than £2tn off the value of Chinese-listed companies and traders signalled the rout would extend into next week.
Posted by Orrin Judd at July 4, 2015 8:08 AM
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