From The Daily Yomiuri: Between Japan and China, the flow of funds from China into Japan’s securities market last year was up to 4.4 trillion yen, far higher than the 400 billion yen that went into China’s securities markets from Japan. Although securities investments in China by industrialized countries are rising, the rate of increase […]
Following Black Tuesday, some explanations, from Time Magazine: Chen Jing was one of the lucky ones. The 56-year-old retiree, who lives in Shanghai, dabbles a bit in local stocks, exchanging investment tips with what she calls her “mah jong friends,” a group that gets together each week to play and chat. Just before the Chinese […]
From BusinessWeek: The shock wave set off by a plunge in Chinese stocks reflected intense foreign interest in the nation’s economic health, but it was jitters over Iran and a possible slowdown in the U.S. economy that turned the drop into a global rout, analysts said Wednesday. They expressed surprise that the 8.8 percent drop […]
The domino effect is to be seen following China’s Black Tuesday. From AP, via The Sydney Morning Herald: Chinese regulators shifted into damage control, denying rumours of plans for a 20 per cent capital gains tax on stock investments as share prices recovered modestly today following their worst plunge in a decade. About an hour […]
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