China stock trading suspended again for the 2nd time this week after another >7% fall - Polidicks

[url]http://www.cnbc.com/2016/01/06/china-slowdown-low-oil-prices-and-north-korea-h-bomb-weigh-on-asian-stock-markets.html[/url] [quote=CNBC]China's stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market's circuit breaker for a second time this week. That pressured stock markets across Asia, which were already wallowing after a weaker open amid concerns over China's economic slowdown and its depreciating currency as well as falling oil prices. On the mainland, the Shanghai Composite was down 7.32 percent at the time of the halt, while the Shenzhen Composite saw losses of 8.34 percent. The CSI300, which is the benchmark index against which China's new circuit breakers are put in place, plunged 7.21 percent. If that index rises or falls 5 percent, the market halts all trade for 15 minutes. If it falls to 7 percent, trading will be suspended for the rest of the day.[/quote]

And the bubble is finally bursting. It's the 7 to 10 year cycle, it was bound to happen.

Pardon me for being dumb but how come China can just halt their markets like that if things go to shit and not say the NASDAQ?

Hey guys remember when the dollar was going to be overtaken by every other currency? [B]AHAHAHahahaha.[/B]

[QUOTE=pentium;49473313]Pardon me for being dumb but how come China can just halt their markets like that if things go to shit and not say the NASDAQ?[/QUOTE] Their governmental policies differ greatly from the open market america has.

[QUOTE=pentium;49473313]Pardon me for being dumb but how come China can just halt their markets like that if things go to shit and not say the NASDAQ?[/QUOTE] The NYSE also has their own circuit breakers but they're for when shit [I]really[/I] hits the fan for it to be "sorry we're closed for the day": [url]https://en.wikipedia.org/wiki/Trading_curb#United_States[/url]

China has planned for this, so I doubt its a shock to them.

god this is such clusterfuck,.

[QUOTE=pentium;49473313]Pardon me for being dumb but how come China can just halt their markets like that if things go to shit and not say the NASDAQ?[/QUOTE] The US government technically can too, but here in capitalist countries it's not thought to be a good idea to manipulate markets like that. It usually does more harm than good; quite often crashes or depressions are thought of as the market revaluing itself to its correct value.

welp there goes the market rip 2016, off to a great start

[QUOTE=JoeSkylynx;49473272]And the bubble is finally bursting. It's the 7 to 10 year cycle, it was bound to happen.[/QUOTE] Not really a cycle, china has been hiding their debt in their state companies, the debt has been piling up and then you have a stock market with tons of people buying in with no real experience or analogy in their culture for it, plus the deflation of Chinese manufacturing, all topped off by enormous overspending and government subsidies to the same companies who are buying the government debt

This is going to be bad for a lot of people in China, hopefully the impact isn't too severe.

[QUOTE=goon165;49473322]Hey guys remember when the dollar was going to be overtaken by every other currency? [B]AHAHAHahahaha.[/B][/QUOTE] What's your point? RMB won't be internationally traded until the end of the decade.

US market opens in 10 minutes, lets hope it doesn't sell off

[QUOTE=Sableye;49476369]US market opens in 10 minutes, lets hope it doesn't sell off[/QUOTE] Just have to watch and see. I think I'll go find a TED spread. [editline]8th January 2016[/editline] Can't find anything from the last week but it was going up on New Years.

Well maybe if we have a 2nd crash in 5 years congress might finally be forced to compliment meaningful market reform, one can only hope... Though I don't think the US market is as tied to the Chinese market as much so I really don't know what's going to happen

Well, it's opened... now we wait and see.

China just removed the limits, the market can now go anywhere and they won't shut it down

[QUOTE=Sableye;49476461]China just removed the limits, the market can now go anywhere and they won't shut it down[/QUOTE] Yeah, after it shutdown again for a third day in a row.

Wonder why though? Still ironing out the kinks maybe (since it kicked in this year)? Why flip flop like this? Or is it a deliberate move to allow for calculated shifts in stocks? Definitely interesting. Everytime I start reading about stocks I want to start investing...

[QUOTE=NO ONE;49480828]Wonder why though? Still ironing out the kinks maybe (since it kicked in this year)? Why flip flop like this? Or is it a deliberate move to allow for calculated shifts in stocks? Definitely interesting. Everytime I start reading about stocks I want to start investing...[/QUOTE] I've seen some articles that tie in the latest loss/closing to the fact that North Korea possibly detonated a hydrogen bomb

[QUOTE=NO ONE;49480828]Wonder why though? Still ironing out the kinks maybe (since it kicked in this year)? Why flip flop like this? Or is it a deliberate move to allow for calculated shifts in stocks? Definitely interesting. Everytime I start reading about stocks I want to start investing...[/QUOTE] They set their limits very low so they trigger a halt easily, but taking them off completely probably isn't good either

I'm happy to see their market crashing. They've been riding a fake economy for a long time. Its about damn time its catching up to them.

[QUOTE=Code3Response;49482736]I'm happy to see their market crashing. They've been riding a fake economy for a long time. Its about damn time its catching up to them.[/QUOTE] China's market crashing could spell disaster for the globe as they are the manufacturing giants we rely on. If the crash is bad enough to cause their manufacturing sector harm, it could seriously harm just about every economic sector in the rest of the world. So no, it's not a happy thing to see.

[QUOTE=Code3Response;49482736]I'm happy to see their market crashing. They've been riding a fake economy for a long time. Its about damn time its catching up to them.[/QUOTE] Seconding nagachief, we spent the last 25 years or so outsourcing virtually all of our manufacturing to China and likewise a lot of the worlds raw material exports go to them as well. If they shutdown it effectively cripple the rest of the world in just about every category. It might be our fault to be in this position but there's no switch we can flip to restart domestic manufacturing on the scale of the chinese. It would take decades to ramp up to China's levels.

[QUOTE=pentium;49485603]Seconding nagachief, we spent the last 25 years or so outsourcing virtually all of our manufacturing to China and likewise a lot of the worlds raw material exports go to them as well. If they shutdown it effectively cripple the rest of the world in just about every category. It might be our fault to be in this position but there's no switch we can flip to restart domestic manufacturing on the scale of the chinese. It would take decades to ramp up to China's levels.[/QUOTE] Hey, guess what, Chinese industries don't manufacture goods for fun, they manufacture goods for export. To the West. If their manufacturing industries are slowing, it's due to weak demand. From the West.

[QUOTE=nagachief;49484956]China's market crashing could spell disaster for the globe as they are the manufacturing giants we rely on. If the crash is bad enough to cause their manufacturing sector harm, it could seriously harm just about every economic sector in the rest of the world. So no, it's not a happy thing to see.[/QUOTE] Happy for me to see regardless. If they want to rig their fake economy, then they will have to suffer the consequences from it.

[QUOTE=Code3Response;49486305]Happy for me to see regardless. If they want to rig their fake economy, then they will have to suffer the consequences from it.[/QUOTE] The people who rigged it aren't the only ones to suffer the consequences though.

[QUOTE=pentium;49485603]Seconding nagachief, we spent the last 25 years or so outsourcing virtually all of our manufacturing to China and likewise a lot of the worlds raw material exports go to them as well. If they shutdown it effectively cripple the rest of the world in just about every category. It might be our fault to be in this position but there's no switch we can flip to restart domestic manufacturing on the scale of the chinese. It would take decades to ramp up to China's levels.[/QUOTE] The issue is the supply has outstripped demand, US markets have plenty o shit, European markets have plenty o shit, the rest of the word is a mixed bag because of the low demand for consumer goods in Africa and a lot of Asian countries [editline]8th January 2016[/editline] In a way its a good time for US manufacturers because the price of materials is cripplingly low and the supply is high, its a buyers market right now on commodities

[QUOTE=Headhumpy;49486197]Hey, guess what, Chinese industries don't manufacture goods for fun, they manufacture goods for export. To the West. If their manufacturing industries are slowing, it's due to weak demand. From the West.[/QUOTE] Pretty much this.