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+--- Thread: New York Stock Exchange Suspends Trading (/showthread.php?tid=180945)
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Re: New York Stock Exchange Suspends Trading - decay - 07-08-2015
http://www.theguardian.com/business/2015/jul/08/china-stock-markets-continue-nosedive-as-regulator-warns-of-panic
The Shanghai composite index closed down 5.9%, while the SCI 300 index of the biggest listed companies in Shanghai and Shenzhen lost 6.8%.
The rout spread to other world stock markets, with Hong Kong’s Hang Seng index closing almost 6% down, its biggest one-day drop for nearly seven years.
Since their June peak, Shanghai stocks have plunged 30% in the space of three weeks, having soared more than 150% in the previous 12 months as millions of private investors piled in. “It’s a stampede,” said Wang Feng, a former Wall Street trader who founded the hedge fund firm Alpha Squared Capital. “And the problem of the market is that all the players move in the same direction and are too emotional.”
Re: New York Stock Exchange Suspends Trading - decay - 07-08-2015
UPDATE: resumed trading
http://www.wfmz.com/news/news-national/all-trading-suspended-on-new-york-stock-exchange/34054266
Re: New York Stock Exchange Suspends Trading - pdq - 07-08-2015
AAPL now below $123. iWatch may not be selling well, but WSJ says Apple is ordering up 20% more iPhones for this fall than last year's record-breaker.
Thinkin about backing up the truck and loading up...
Re: New York Stock Exchange Suspends Trading - cbelt3 - 07-08-2015
I wonder which poor IT guy's head will be on a the bull's horn in front of the exchange tomorrow morning ? That's a career ending foo.bar right there.
Re: New York Stock Exchange Suspends Trading - Speedy - 07-08-2015
Shades of the Great Recession. But China was overdue for a massive correction.
Re: New York Stock Exchange Suspends Trading - MrNoBody - 07-09-2015
I declare shenanigans.
Re: New York Stock Exchange Suspends Trading - Lew Zealand - 07-09-2015
Have a peek at Anonymous' Twitter feed from the evening of the 7th…