China’s Bleeding Stock Market
While many eyes are watching Greece, another large market bleeding. China’s stock market opened on Sunday, July 5, 2015, following an incredible three week plunge, losing $2.36 trillion in market value. Many investors wonder if the losses in Chinese markets will billow outwards towards other countries. Frederic Neumann of HSBC Holdings in Hong Kong said:....
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[Update 11am GMT: The Bitcoin price has been soaring in the past few hours seemingly due to an influx of buying in China. Chinese exchanges Huobi and OKCoin have seen bitcoin trading for US$350 and US$380, respectively, compared to ~US$286 on Bitfinex and elsewhere.] China’s stock market woes have been part of the reason for bitcoin’s recent rise in price. Considering the country’s dominance in bitcoin trading, continuation of falling stocks could fuel another record boom similar to what occurred back in late 2013 when the price soared beyond US$1,000. The Shanghai and the Shenzen have....
Chinese shares experienced their worst ever start to a year after Chinese stock markets plunged 7% in their opening session of 2016 on Monday. It began with an initial halt of CSI-300 Futures (Chinese Securities Index) for 15-minutes at a 5 percent level, a move that failed to stop the retreat. When the market re-opened following the temporary suspension, shares began extending their losses. As the stock market tumbled to 7%, China’s new “circuit breaker” measures were triggered, a mechanism enforced by the securities regulator to automatically prevent further volatility and losses in the....
CoinTelegraph spoke with Leon Li, CEO of Huobi — one of China’s ‘Big Three’ bitcoin exchanges — to discuss its new tool connecting bitcoin and the traditional stock market, why the Chinese yuan doesn’t actually comprise 80% of BTC trading, and how Beijing’s new policy is fostering Bitcoin startups in the country. In addition to Huobi’s recent partnership with “China’s MIT,” Tsinghua University, Li confirmed that the exchange is also looking for opportunities in the currently booming stock market and is launching a new trading platform named Caimao that will enable users to mortgage their....
After yesterday’s success Litecoin turned as red as a beet and slowly slide down. The Litecoin price correction is likely to continue during this weekend and on Monday. So, if the price range of $3.50—$3.70 has been a tough row to hoe for Litecoin, the question is if we are going to see it in the $3.20—$3.50 soon. Well, not sure. The upper border of the price corridor occurs at the level $3.50, but its lower edge is still unclear. The key factor dragging Litecoin down is China. Its cryptocurrency market depends heavily on the country’s stock market. As China’s stock exchanges revive,....
It would be logistically challenging for Chinese retail investors to organize a short-selling campaign, especially with the authorities watching.