“Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading. Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges. Most of the halts are by companies listed in Shenzhen, which is dominated by smaller businesses. The suspensions have locked up $1.4 trillion of shares, or 21% of China’s market capitalization, and are becoming increasingly popular as equity prices tumble. The rout in Chinese shares has erased at least $3.2 trillion in value, or twice the size of India’s entire stock market.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Sacramento Kings to accept Bitcoin for purchases
Iran to be hooked up to global banks in weeks; U.S. investors still banned
Ikea to build entire district in German city
Should Puerto Rico Shut Down Schools to Pay Its Debts?
How close are we getting to a “papers please” society?
Bombs kill 42 outside mosques in Lebanon's Tripoli after car bomb kills 24
Colombian president signs decree to legalise medical marijuana
Stockbroker saves his life by smoking 130,000 government-issued joints
Study: High-volume Bitcoin exchanges more likely to suffer breach
$11 million in bitcoins the Winklevii bought is now worth $32 million
Larry Kotlikoff: Detroit Today, Washington Tomorrow
China Slashes U.S. Debt Stake by $180 Billion, Bonds Shrug
Kerry: Snowden's actions 'despicable'
China’s retail investors give up hope as stock market exodus intensifies
Google unveils detailed North Korea map… with gulags