China's stock market falls for the fifth straight day - Vox: "After a day of big swings, China's benchmark Shanghai Composite Index closed down 1.2 percent on Wednesday.
The market has lost 22 percent of its value in 5 straight days of losses. Chinese stocks have lost 43 percent of their value since June.
Over the past two months, the Chinese government has taken extreme measures to reverse the stock market's decline.
China's stock market had a debt-fueled boom, followed by a crash
Between June 2014 and June 2015, China's Shanghai Composite index rose by 150 percent. A big reason for the stock market rally was that a lot of ordinary Chinese people began investing in the stock market for the first time. More than 40 million new stock accounts were opened between June 2014 and May 2015."
'via Blog this'
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