01.06 BREAKING NEWS: CHINESE STOCK MARKET STOPS TRADING AFTER 30 MINUTES 7% DECLINE

by John Galt
January 6, 2016 21:07 ET

smellofnapalm

Breaking live on all financial media now.

CHINESE STOCK EXCHANGE CLOSES AFTER 30 MINUTES OF TRADING AFTER HITTING 7% LIMIT DOWN THRESHOLD

The headline from Bloomberg says it all:

China Stocks Halted for Rest of Day After CSI 300 Tumbles 7%

And here is the chart of the flatlined Chinese Stock Market from tonight’s brief session after the 15 minute trading halt then crash:

Meanwhile U.S. stock futures have taken a steep dump after the news:

Gold is on the verge of a major breakout above $1100:

 

And WTI-Crude is crashing and burning further and faster than a BP oil platform in the Gulf of Mexico:

 

BOHICA!

The market experts who called for a dead cat bounce might get a major cratering and crash instead before this week is out. Stay tuned….

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  1. - TODAY’S HEADLINES 1/7/2016

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