Shanghai Index

[tsptalk]

In case anyone is following, the Shanghai Index is down just slightly tonight. Nothing for U.S. stocks to worry about in the morning yet...

Shanghai (.SSEC:Shanghai Stock Exchange)

*Data is delayed | CNY

[TABLE="width: 725"]
[TR]
[TD]Last | 10/24/2018[/TD]
[TD][/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2,592.69 -2.13 (-0.08%)[/TD]
[/TR]
[/TABLE]


https://www.cnbc.com/quotes/?symbol=.SSEC

 

[wavecoder]

Shanghai and the Hang Seng are up big right now.

Question is though, why are all of a sudden people caring about the China market now, only after it's already went down 30 or so %?

 

[tsptalk]

That's what I was writing about 3-4 months ago when it was tanking. Now that U.S. stocks are falling everyone's looking for reason. There are a few reasons but yesterday, for the first time they (the Chinese gov't) actually said they don't care about the trade war, which means resolving it may not be a concern - so it could get worse. Impacts earnings, inflation, etc.

It's like we all knew interest rates were going to rise all year. The 10-year yield hit 3% months ago, but now stocks are selling off on it?

 

[Bullitt]

Will the people of the CPC do their duty as citizens and continue buying?

Chinese stocks had their worst single day since the coronavirus pandemic began, amid a ratcheting up of tensions between the U.S. and China, but futures on the main U.S. markets were only modestly lower. The Shanghai Composite fell 4.5%, but is still up 11% over the last month.

https://www.barrons.com/articles/ch...e-pandemic-while-u-s-futures-slip-51594890158