China’s Shanghai Composite Index Crashes 6.4% In Last Hour Panic Selling, Has Now Plunged 22% In 2016 Alone

china-crashes

China Crashes To 13 Month Low After Last Hour Panic Selling; Crude, Futures Tumble Then Surge:

It has been another volatile, illiquid, whipsawed session, driven by the only two things that have mattered so far in 2016, China and oil…. and stop-hunting algos of course.

A quick look at the former first reveals that after sliding gradually all session, Chinese stocks puked in the last hour of trading with the China’s Shanghai Composite Index plunging 6.4% to 2,750, the most since the first week of January, and falling to the lowest level since December 2014. The composite has now plunged 22% in 2016 alone and is the world’s worst-performing primary equity index this year.

 

3 thoughts on “China’s Shanghai Composite Index Crashes 6.4% In Last Hour Panic Selling, Has Now Plunged 22% In 2016 Alone”

    • To squodgy,

      About Gail Tverberg
      My name is Gail Tverberg. I am an actuary interested in finite world issues – oil depletion, natural gas depletion, water shortages, and climate change. Oil limits look very different from what most expect, with high prices leading to recession, and low prices leading to inadequate supply.

      There is no shortage of oil, natural gas and water, unless created by TPTB.

      In a severe downturn the price of gold could at first go down, because of forced liquidation.

      In the end we need to be prepared on all levels to survive what has being planned for us. Even owning physical gold and silver will not nearly be good enough, but it is a very good start.

      As an investment I prefer silver over gold, with both being very important to protect one’s assets.

      Reply

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