China’s two main stock markets, the Shanghai and the Shenzhen Exchanges, plunged more than 30% in recent weeks from their previous record highs of June 12. The Shanghai dropped 30%, and the tech-stock heavy Shenzhen by 37%. That’s the steepest stock decline in China since 1992. The markets briefly stabilized on July 9. But the question remains, will they continue …
China share rout hits global markets By Nick Beams
Chinese financial authorities have banned major shareholders, corporate executives and directors from selling their shares in listed companies for a period of six months. The ban is the latest in a series of increasingly desperate moves to try to halt the crash of the Chinese stock market, amid indications it is beginning to impact on the rest of the world. …