Here We Go Again: China Halts Trading For The Entire Day After Another 7% Crash
*CHINA STOCKS HALTED FOR REST OF DAY AFTER CSI 300 TUMBLES 7%
Chinese traders unsure what to do for the rest of the day pic.twitter.com/iZ3Vo17bAa
— zerohedge (@zerohedge) January 7, 2016
"I won't short the CSI 300 again I promise" pic.twitter.com/OfxIqvFfEo
— Stalingrad & Poorski (@Stalingrad_Poor) January 7, 2016
Happy New Year...
Chinese traders are unhappy:
- Circuit breaker may be triggering “herd effect” and intensifying panic, investors may accelerate selling after 1st trading halt as they seek liquidity: Galaxy Sec. strategist Sun Jianbo
- “There seems to be considerable anxiety in the mkt with investors selling as a preventive measure,” Shenwan Hongyuan Group director Gerry Alfonso
- Investor confidence is on “shaky ground” due to negative factors incl. sharp depreciation in yuan, oil price slump and overnight losses in overseas equity mkts: Central China Sec. strategist Zhang Gang
- Threshold being hit too easily in China, adding “liquidity fears” in mkt: Catherine Cheung, Head of Investment Strategy & Portfolio Advisory at Citibank Global Consumer Banking
Crude crashes to a $32 Handle...
Gold just surged to $1100...
The entire Chinese stock market has been halted on half the trading days in 2016
The punishment will continue until The Fed unleashes QE4!!
* * *
*CHINA STOCK SLUMP TRIGGERS TRADING HALT AS CSI 300 FALLS 5%
US Equity markets are tumbling...
And USDJPY is in free-fall...
Someone just stepped into support the Offshore Yuan...
As we detailed earlier:
Following the collapse of offshore Yuan to 5 year lows and decompression to record spreads to onshore Yuan, The PBOC has stepped in and dramatically devalued the Yuan fix by 0.5% to 6.5646. This is the biggest devaluation since the August collapse. Offshore Yuan has erased what modest bounce gains it achieved intraday and is heading significantly lower once again. Dow futures are down 100 points on the news.
PBOC fixes Yuan at its weakest since March 2011... with the biggest devaluation since August
And Offshore Yuan collapses...
This all has a worrisome sense of deja vu all over again... We have seen this pattern of money flow chaos before... Outflows surge from China, send liquidity needs spiking, which bleeds over into Saudi stress (petrodollar?), causing unwinds in major equity markets (thanks to deleveraging of carry trades) in China and then US stocks...
Chinese stocks are opening down hard:
- *SHANGHAI COMPOSITE INDEX FALLS 4.01%
- *SHANGHAI COMPOSITE EXTENDS DROP TO 10% BELOW DECEMBER HIGH
- *HANG SENG CHINA ENTERPRISES INDEX FALLS 3.03%
- *CHINA CSI 300 INDEX FALLS 4.05%
Hold your breath. Dow futures plunged 100 points on the news...
(39 votes)
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TY NP. Did they halt Shanghai? No quotes me
China A50, Around 10,000
It's below 10,000 now. Halted at :43 past?
Investing.com
Edit, moving again. Delayed data? Down 4.5%
TY, not much sleep tonight for me then
God bless you guys who are trading in the middle of this mess. I feel for you. Try not to get too much blood splatter on you. I get to wake up tomorrow and realize I just died in my sleep.
NoDebt I stopped trading a few years ago myself and tell people tp run away from markets and to buy land, farm equipment, gold etc. but they think I'm nuts. I just still get the rush from time to time and like to keep up in real time.
Nights like tonight I will probably wake up every hour to come refresh my browser and not sleep well, I can sense it and almost feel it, adrenaline, heart racing...
Futures down 97
At some point soon this is going to cause the Japanese to move on devaluing the Yen again. Sub 118 USD/JPY isn't going to help get their "desired" inflation. That will be when this selloff stops. I see support around SPX 1960 and then again around 1885
I see support when it hits solid ground and then does a dozen small bounces, Commodities have been screaming "watch out below" for 12 months solid.
Fuck it there goes my retirement.... again
I see support when it hits solid ground and then does a dozen small bounces, Commodities have been screaming "watch out below" for 12 months solid.
Fuck it there goes my retirement.... again
Take a look at the 24 hour gold chart... someone was clearly buying in a way as to not spike the market, but enough to slowly raise the bid.
Methinks someone is banking on a crisis.
Contrary to popular opinion, I think China is engineering this crisis.
Plausible deniability for crashing western financial markets.
I don't disagree, given central bank money printing, any crisis that occurs is one that is simply allowed to happen via non-intervention.
Cool...WAlmart will be having sales. Gold will be more expensive for our Chinese overlords. Dat sucks for them. U.S.A is winning. !!!! Cause with the reserve currency our biggest and best export is the Dollar. Come to Uncle Sugar you poor wretched 3rd world nations...come to Uncle Sugar. Brazil, Russia, and you too China..Dont be shy. Suckle right up to Uncle Sam's tittie. suckle those greenbacks. They make you healthy like crack.
No one is "winning".
To believe that this jega-tower of CDS/Derivative skein has "winners" is ridiculous.
Everyone will be a loser.
(everyone)
The unemployed are winning. Things they can't afford at Walmart are cheaper. China is exporting food to the U.S. and not labeling it. Now I don't need to know when I'm ingesting U.S. GMO poison or Chinese toxic sludge. That's winning.
Edit : Stupid comment, I removed it myself.
Fucking shit is blowing up.
Anyone else think we have a 1000 point drop ahead on the horizon.
The markets are a fiction.
The real question is when do the food shortages begin? - I suspect by next summer.
Fingers crossed.
Now you're talking LOP's language.
And mine: Fundamental Demand vs. SCM (Supply Chain Mgmt). Both live by the laws of nature.
If that happens, it's because it's allowed to happen, e.g. the PPT doesn't press the buy button.
Somebody open up the windows on 41st floor of JP Morgan suite and start popping some fucking popcorn it's on!
You may need to teach them how to fly.... Just saying....
Well it will be down 1000 but at 3:30 will ramp up to a 650 point loss. Attention Attention all PPT advisors get on the phone with Citadel and double up. That is all.
Some one contact Jim Rogers - tell him that his "China is great at being a well run slave colony" meme has got issues.
(that meme is failing)
Rule 48 tomorrow.....
I'm just waiting for Order 66!
"Commander Yelllen...execute Order 66."
"It will be done, my Lord."
4 million X wing retail stock traders ships get blasted to bits.
Why is gold not shooting up 5%?
Or should I use this delay to pop some corn?
Give it time. It took two weeks in September '08.
That depends on whose fiat currency you are measuring gold by.
It surely is in yuan.
Maybe China will be forced to start dumping AU to cover their losses? Or, they will ditch the Yuan early and try to go gold standard? Or, they will turn on the printing presses and run them til the motors catch fire? They probably build presses for the US so they can pull more off the assembly line and can keep it up longer than us. Start executing economic criminal traders in public to get the sheep in line? I dread the SHTF. I'm old and comfy. This ain't gonna be some wonderful adventure for most no matter how well prepped you are.
Or they implode it on purpose and drag the rest of everybody into the mess with them.
How many times do we see the markets break between now and 330 ramp tomorrow?
Put me down for over 3
Ramps may turn into cramps
Midol for all!
Oops -150. Update -192
should just halt wall street tomorrow, computer glitch at 9:25am!
Fed was defending 1970, that just went. Hope the other central banks who bought U.S. stocks for their holdings are forced to dump them, and that their public calls them to account for their misdeeds. The tide will go out on this market manipulation.
I smell Chinese physical gold holdings about to come out of hiding.
More like "go deeper into hiding."
I sure as hell wouldn't be pulling the stuff out to show off with a government desperate on prosecuting people in finance (probably rightly so, but still.)
You may be right. They're not necessarily anxious to select the nuclear option. Yet.
From the outside looking in, it would seem logical to me that if any equities market has "fail safes" that they employ when they're being hammered,
that would indicate that the House doesn't like to lose--i.e. the whole dammed thing is rigged.
When was the last time trading was HALTED when the DOW went UP too much?
Kind of like whenever the DOW is down 300 points, Stuart Varney and his pals always blame outside influences, but when the DOW is up 150 points, and Apple is driving the tech markets higher, then, oh, it's all about the fundamentals and how great those companies are!
To quote Stuart last week, everything was down b/c of oil. Now, it's because of North Korea. So on and on go the lies.
BTW, I like Stuart. But enough of the propaganda, for God's sake!
You're absolutely right in your observation. When OUR markets plummet, everyone says it's China, the weather, North Korea, etc. When the markets are UP - oh yeah, aren't we the best thing since fucking sliced bread?!? It's all bullshit!
Turn off that bull shit station! Actually turn of the TV and separate yourself from the most powerful mind control devise ever invented.
I'd have to say that it will soon lose its crown, if it has not already. But it had a good run after taking over from the radio.
Is there any more gold China can purchase from the U.S. & Australia with those ultra-precious and rare $Treasuries...?
What is going on over there! Something massive if everyone is selling which can be dangerous activity for individuals and all that money being pumped in by government.