{"id":16132,"date":"2016-01-07T11:24:52","date_gmt":"2016-01-07T16:24:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=16132"},"modified":"2016-01-07T11:25:32","modified_gmt":"2016-01-07T16:25:32","slug":"7-percent-crash-causes-emergency-shutdown-of-stock-markets-in-china-for-the-2nd-time-in-4-days","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=16132","title":{"rendered":"7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days"},"content":{"rendered":"
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7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days<\/a><\/h3>\n<\/div>\n
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\"Panic<\/a>Did you see what just happened in China?\u00a0 For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China.\u00a0 On both Monday and Thursday, trading was suspended for 15 minutes when the CSI 300 fell 5 percent, and on both days the total decline very rapidly escalated to 7 percent once trading was reopened.\u00a0 Once a 7 percent drop happens, trading is automatically suspended for the rest of the day.\u00a0 I guess that is one way to keep the stock market from crashing \u2013 you just don\u2019t let anyone trade.\u00a0 And of course the panic in China is causing other markets to go haywire as well.\u00a0 As I write this, the Nikkei is down 324 points and Hong Kong is down 572 points.<\/p>\n

The amazing thing is that trading was only open in China for about 15 total minutes tonight.\u00a0 Here is how\u00a0CNBC<\/a>\u00a0described what just happened\u2026<\/p>\n

China\u2019s stocks were suspended from all trade on Thursday after the\u00a0CSI300<\/strong>\u00a0tumbled more than 7 percent in early trade, triggering the market\u2019s circuit breaker for a second time this week.<\/p>\n

That drop-kicked stock markets across Asia, which were already wallowing after a weaker open amid concerns over China\u2019s economic slowdown and its depreciating currency as well as falling oil prices.<\/p>\n

On the mainland, the\u00a0Shanghai Composite<\/a>\u00a0tumbled 7.32 percent by at the time of the halt, while the\u00a0Shenzhen Composite<\/a>\u00a0plummeted 8.34 percent. The CSI300, the benchmark index against which China\u2019s new circuit breakers are set, plunged 7.21 percent. If that index rises or falls 5 percent, the market halts all trade for 15 minutes. If it moves 7 percent, trading will be suspended for the rest of the day.\u00a0In total Thursday, China shares only traded around 15 minutes<\/strong>.<\/p><\/blockquote>\n

How will European and U.S. markets respond to the chaos in Asia when they open?<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

7 Percent Crash Causes Emergency Shutdown Of Stock Markets In China For The 2nd Time In 4 Days Did you see what just happened in China?\u00a0 For the second time in four days, a massive stock market crash has caused an emergency shutdown of the markets in China.\u00a0 On both Monday and Thursday, trading was […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,6941,5983,500,501,4901],"class_list":["post-16132","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-chinese-stock-market","tag-economiccollapseblog","tag-market-collapse","tag-market-crash","tag-michael-snyder"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16132"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16132\/revisions"}],"predecessor-version":[{"id":16134,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/16132\/revisions\/16134"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}