SHANGHAI SSE

MSCI will NOT Include China A-Shares in Emerging Market Index

by John Galt June 14, 2016 17:14 ET WOW! This will not help the Shanghai markets tonight and probably will cause massive tankage in Hong Kong also. Via CNBC: Key MSCI emerging markets index rejects Chinese mainland stocks, again MSCI on Tuesday said it would delay inclusion of the mainland-traded Chinese A shares in its key emerging market index. In a release, MSCI said investors needed more time to assess the effectiveness of the Qualified Foreign Institutional Investor program (QFII) investment quota allocation, capital mobility policy changes and the effectiveness of…


04.18 0500 Market Update: Cue the Pump Monkeys, OPEC panic Fading

by John Galt April 18, 2016 05:00 ET Last night’s Asian session was interesting as the Japanese earthquakes and OPEC disaster in Doha provided the deflationary double whammy which scared investors out of Tokyo and Shanghai with sizable drops in those markets(charts via YahooFinance): With a 3.4% drop that was pretty nasty. Shanghai was down 1.44%: Meanwhile, US equity futures have recovered substantially since last night’s initial fall as the central bankers began intervening when Europe opened:   With Europe beginning to recover and crude oil prices pausing in their declines…


03.08 Warm up the Grill: Deathburger Markets have Returned as Asia Craters

by John Galt March 7, 2016 21:30 ET Never let Janet Yellen light your grill for a Deathburger. So Japanese GDP was worse (not a shock),  China is a clusterTrump (not a shock), and the Asian economy is incinerating investors like there is no tomorrow because there is no tomorrow. How is this suddenly playing out tonight? Japan as of this posting is down about 311 or 1.84% (via YahooFinance):   OUCH. China is not doing much better, now down around 2.8%: US Futures on the S&P 500 e-Minis have turned…


Shanghai Stock Exchange Shellacked with 6.41% Decline Overnight

by John Galt February 25, 2016 05:15 ET No wonder I couldn’t sleep. There was a bear porn movie on in at the Shanghai Stock Exchange: After the initial down draft, the lunch time break failed to prevent the afternoon panic. After a brief bout of government intervention before 2 pm local time, everyone bailed. This is a very bad omen for March. The US markets might have the cheerleaders out discussing how the bear is over, the correction has corrected, and that this is the buying opportunity of a life…


01.11 Oh No Not Again Market DEATBURGER Watch: Paging Janet Yellen, Economy Crapping out on Line 3

by John Galt January 10, 2016 18:50 ET So it’s Sunday night once again. My DFS teams all went to hell in a hand basket yesterday because players with concussions, blown up knees and ankles, and torn groin muscles could not gut it out. I mean seriously J.J. Watt, couldn’t you tough it out, you won’t need your nuts until your career is over anyways. But I digress. The U.S. Futures had a warning sign before they opened at 18:00 ET and that was simple, to to point and a stark,…


01.08 WONTONDEATHBURGER Marketwatch: Will They or WON’t they? 20% decline or 20% Rally? Run Kitty Run…

by John Galt January 7, 2016 19:50 ET So tonight begins, the first episode ever, of the Chinese Stock Markets without their safety vest and life boat, allegedly. UPDATE 20:33 ET: ALL IS WELL, IT’S NOT CAT, EAT ALL YOU WANT, IT’S A BUFFET! UPDATE 20:05 ET..RUH-ROH: Of course stale leftover stocks could really, really suck. Heading into the Asian markets tonight, here is where we are at: Japan’s Nikkei 225 is a wrong, wrong way away from 20, 000: However it is only down 1.08% as of this posting so…


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

by John Galt January 6, 2016 21:07 ET 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…


01.05 21:00 ET BREAKING NEWS: China Blinks, Rescinds Order Allowing Large Equity Bloc Trading on 01.09

by John Galt January 5, 2016, 2015 21:00 ET Translated via Google: Holdings of major shareholders of listed companies in the way of new regulations frequently locked holdings 2016-01-06 07:48:21 Source: China Securities Network [Editor’s note] as a response to abnormal fluctuations in the stock market last year major shareholders of listed companies, one of a package of emergency policy “ban reduced order” will expire on Friday, came out trillions of restricted shares centralized rumors orders index, investor sentiment both under pressure. Plate before yesterday, the Commission issued information that the…


01.05.16 World Stock Market 1/2 Eaten Deathburger Watch: Burp! Shanghai Burgers are Getting Old

by John Galt January 4, 2016 20:50 ET Ugh. No sleep again and here we go again. With US futures gaining no traction after the market close as demonstrated below (chart updates automatically courtesy of FINVIZ): Up only around 3 points now means that down is now the new up and bearish means we’ll rally back to the bottom part of the trading range and everything will be okie dokey. Or not. Meanwhile these Tweets from Bloomberg’s David Ingles indicates all may not be well in the land of the Communist…


01.04.2016 Won Ton Deathburger Alert: Shanghai SSE Plummets 4% in Minutes – Drags US Futures Down

by John Galt January 3, 2016 21:40 ET Here it is an innocent first night in 2016 trading with Iran and Saudi Arabia fighting over the same camel (it’s sexual this time) and of course US equity index futures originally opening higher this evening. Then Asia opened. Then oops. The Shanghai-SSE opened down then in a matter of less than 4 minutes plummeted down 4% on pretty heavy volume and now has recovered as of this posting to around -3.30%. That of course took an already fragile Japanese market down further…


08.26 Asia and U.S. Deathburger Marketwatch: Will the Carnage Continue?

by John Galt August 25, 2015 17:25 ET UPDATED 21:10 ET: And just as I praised the Kiwis, the NZ-50 goes negative. Who do they think they are? The Dow? Meanwhile in Australia, Japan, and South Korea things are starting to look as confused as US markets: Australia S&P/ASX 200: Japan’s Nikkei 225: South Korea KOSPI: UPDATED 18:30 ET: And for some strange reason, the Kiwis are drinking the Kool-Aid as the New Zealand NZ-50 is up on the open! They must be smoking all that wool, no other explanation. ——————————————————————-…


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


In Desperation Move, China Allows State Pension Fund to invest up to 30% into Stock Market

by John Galt August 23, 2015 17:45 ET The desperation of the Central Planners of the Communist Party in China (and on Wall Street) is beginning to shine through once again in 2008 fashion. Today, per the South China Morning Post, this bit of news spells out the panic in Beijing: The State Council said on Sunday that it will allow China’s pension fund to invest up to 30 per cent of its total 3.5 trillion yuan in net assets in equities and stocks, a likely bid to support the flagging…


Chinese Central Bank fails to Stem Further Stock Carnage as Shanghai down 3.42%

by John Galt August 20, 2015 05:15 ET The PBOC is losing its mojo. Despite a now two week long effort to stem selling in the Shanghai SSE and by extension dissuade selling in Hong Kong of Chinese shares there, the equity markets continue to plummet with the Shanghai markets down 3.42% and Hong Kong Hang Seng’s index down almost 2%. Shanghai SSE: The rally in the morning failed as the lip service paid to the market failed to impress and the market ended down almost 130 points. Meanwhile in Hong…


08.18 21:30 ET BREAKING NEWS: Chinese Stock Markets Continue to Crash Down over 2.5% on the Open

by John Galt August 18, 2015 21:40 ET So much for the PBOC (People’s Bank of China) fixing this with $40 billion spent on equities. The open this morning is brutal as displayed below: This could be another ugly day if we have a follow through decline on top of the 6.15% decline yesterday. (prices delayed 15 mins) Now the breaking news is that the Vietnamese Central Bank has devalued their currency, the Dong, by 1% to keep pace with the Chinese, Malaysian, and Indonesian devaluations as the currency war accelerates….


While you were Asleep, the Chinese Stock Market Crashed 6.15%

by John Galt August 18, 2015 05:15  ET The experts all hailed the PBOC’s fix of their equity markets. Until of course it doesn’t work which would be today. The close was just plain ugly and appears to indicate that gravity has re-asserted itself with Chinese stock prices: The big news was a decline of 4.3% in industrial production in July from another decline in June. This indicator is viewed as a slow down in the Chinese economy but in reality is reflective of the US and European economies also starting…


08.03 Here we Go Again: August Opens with Shanghai and Asia Down, Down, Down

by John Galt August 2, 2015 22:00 ET Here we go again gang so buckle up, it’s going to be a wild month… The Nikkei 225 is crawling down the ladder, as of this posting down about 3/4 of a percent (all charts via YahooFinance): The Shanghai SSE opens down a hard 1.4% and apparently ready to move even lower if the Beijing government doesn’t start buying more stocks soon: Hong Kong’s Hang Seng opens down 1.4% plus also: Lastly, and not a sideshow, Taiwan opens down almost 2%: In the…


07.27-07.28 Asian Deathburger: Chinese Stock Market Opens DOWN 4% No Sweet, Just Sour

by John Galt July 27, 2015 22:15 ET This screenshot from Bloomberg TV-Asia says it all: The reason for all the red on the screen? Shanghai strikes again, opening down as far as 4.51% but recovering slightly at the top of the hour: The 15 minute delayed chart from YahooFinance is ugly as are all Asian-Pacific markets this morning: The Hang Seng in Hong Kong is slightly better but then again they like to sell hard in the afternoon session: Australia and South Korea are not doing so well either: Last…


07.27 Chinese Markets Implode as Shanghai SSE Crashes Over 8%

by John Galt July 27, 2015 05:20 ET (chart courtesy of YahooFinance) The 8.28% collapse in Shanghai shares caught many by surprise overnight as there was no indication at the open of the session that the Communist government was going to permit any major action in the trading. Then suddenly after the lunch time break, there was a sharp decisive sell off taking the market down almost 300 points in just a little over 2 hours. The paper wall to prevent selling appears to have collapsed and a retest of the…


In the Fiction Department of your Local Library Tonight: Chinese GDP Unchanged at 7% for 2nd Qtr

by John Galt July 15, 2015 20:30 ET With all of the Greek drama as they bend over and satisfy the Germans, the Chinese drama returned with a vengeance and a 3% drop in equities overnight: So tonight’s action becomes crucial because a breakdown below the 3,500 level means that the “rally” of those stocks still allowed to trade was a shallow and hollow as most outside observers expected. Now that the situation gets dicey again with last night’s action it was time for the Chinese Communists to head to the…


07.12-07.13 Deathburger Marketwatch: Greece fires and Chinese CONfusion means Disaster for Investors

by John Galt July 12, 2015 16:45 ET It is going to be one of those nights. Here is your Euro quote from just a short while ago, courtesy of NetDania: Yeah, the traders appear to agree with me. There is no way Greece surrenders to Germany AGAIN! More to follow as this is going to be one of THOSE nights for sure. Time to go fold up the ground beef and fire up the grill…. 19:15 ET UPDATE – Oh What a Night! A perfect song for tonight…   And…


07.09 Asian Market DeathWatch: Sweet and Sour Expectations

by John Galt July 8, 2015 19:25 ET Now that the Grexit crisis has been solved with a request for €50 billion over 3 years to pay back the €50 billion coming due this year, the concerns switch from the mad hacker, er technical glitch on the NYSE and over to Asian markets which have been anything but dull lately. New Zealand starts the party in a not so sweet way, down 1.07% at the open: (chart courtesy of Bloomberg.com) Stay tuned as news leaks out and futures start to move…


The Chinese SHIBOR Panic Everyone Forgot About is Back

by John Galt June 24, 2014 22:00 ET Just a little over one year ago, there was a sudden sharp spike in the government managed People’s Bank of China SHIBOR which reflected a panic for liquidity in the overnight lending rates from China. The Economist magazine highlighted this story on June 23, 2013 where this excerpt highlighted the problem: In China the central bank’s provision of liquidity is more ad hoc. As a consequence “short-lived cash crunches” are not unusual, says Mark Williams of Capital Economics. This crunch began innocuously enough….



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