Chinese share market: Stocks plunge, half of listed stocks suspended from trading

[Jlaw]

Chinese need to learn from US. They could start doing this to curb any slide in the market.

NYSE resumes trading after 3.5-hour halt - Xinhua | English.news.cn

NEW YORK, July 8 (Xinhua) -- The New York Stock Exchange (NYSE) resumed floor trading around 3:10 p.m. after more than 3.5-hour halt on Wednesday due to an undisclosed technical problem.

NYSE halted trading in all securities starting from 11:32 a.m. on Wednesday.

NYSE and U.S. officials reported this is a technique issue, not the result of a cyber-attack. FBI said no law enforcement action is needed at NYSE.

The White House confirmed that there was no indication of cyber- attacks in the trading suspension of the NYSE.

"At this point, there is no indication that malicious actors were involved in these technology issues," said Josh Earnest, the White House spokesman.

The glitch is the latest incident illustrating the fragility of trading systems that allow capital markets to function, according to the Wall Street Journal.

The trading halt came in the middle of a selloff in U.S. stocks that was fueled by concerns over Greece's uncertainty.

However, trading of NYSE securities on other platforms including NASDAQ was unaffected. Investors could still buy and sell NYSE-listed stocks on other venues.

The NYSE tech issue came soon after the United Airlines grounded planes at U.S. airports for two hours due to a computer glitch.

The website of Wall Street Journal was also temporary out of use for a while around midday for technical difficulties, and was resumed shortly.

Related:

The White House says NYSE trading halt not caused by "malicious actors"

WASHINGTON, July 8 (Xinhua) -- The White House confirmed on Wednesday that there was no indication of cyber-attacks in the trading suspension of the New York Stock Exchange (NYSE).

Speaking at the daily briefing, White House spokesman Josh Earnest told reporters that U.S. President Barack Obama had already received briefing by his homeland security adviser on the technology issues which caused the NYSE to halt trading earlier Wednesday.Full Story

NYSE halts trading due to tech issue

NEW YORK, July 8 (Xinhua) -- The New York Stock Exchange (NYSE) halted trading in all securities for an undisclosed technology reason from 11:32 a.m. on Wednesday.

"We're currently experiencing a technical issue that we're working to resolve as quickly as possible," Marissa Arnold, an NYSE spokeswoman, said in an e-mailed statement. "We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market re-open."Full Story

 

[Tridibans]

It's a hard lesson but it is what it is. Accept the reality, learn from it, and move on.


Indian stock market is a joke. Let not go there, okay? LOL

Are you really that dumb?

Indian stock market is a joke?? If you don't know, last year Indian as well as China's market capitalisation was 3 trillion and 4 trillion respectively.

Today, our market cap (BSE + NSE) is around 3.5 trillion $ compared with 7.5 trillion of China (who just lost 3 trliion themselves). 3.5 trillion is a joke to you ?

 

[Jlaw]

Are you really that dumb?

Indian stock market is a joke?? If you don't know, last year Indian as well as China's market capitalisation was 3 trillion and 4 trillion respectively.

Today, our market cap (BSE + NSE) is around 3.5 trillion $ compared with 7.5 trillion of China (who just lost 3 trliion themselves). 3.5 trillion is a joke to you ?

LOL..quit lying Indian.

China's $3.2 trillion worth m-cap erosion is twice the size of Indian stock market - The Economic Times

 

[Tridibans]

@Jlaw

Learn some economics bro. Nobody gained 3.5 trillion dollars. It was a freefall correction of stocks overvalued by figures like 500 % etc.....

In a market crash, overvalued, P/E ratio ratio stocks crash like anything, coming down to its actual value in the market. Just like the Asian depression of 1997-98 and real estate bubble of the west in 2008-9. Free fall crash is different than day to day buying-selling.... . Most of the money in market cap loses their worth doesn't mean somebody is making millions out of it. And trust me, working for a stock valuation MNC , i do know a bit about it

LOL..quit lying Indian.

China's $3.2 trillion worth m-cap erosion is twice the size of Indian stock market - The Economic Times

BSE itself is a 1.75 trillion stock exchange
Indias market capitalisation crosses Rs 100 trillion | Business Standard News

Bombay Stock Exchange - Wikipedia, the free encyclopedia

AD National Stock exchange is another 1.5 trillion. BSE and NSE are the major (around 95%) stock markets in India.

List of stock exchanges - Wikipedia, the free encyclopedia

National Stock Exchange of India - Wikipedia, the free encyclopedia

Next time onwards, do atleast use the google to visit their official sites before labelling others as liers

 

[Jlaw]

@Jlaw

Learn some economics bro. Nobody gained 3.5 trillion dollars. It was a freefall correction of stocks overvalued by figures like 500 % etc.....

In a market crash, overvalued, P/E ratio ratio stocks crash like anything, coming down to its actual value in the market. Just like the Asian depression of 1997-98 and real estate bubble of the west in 2008-9. Free fall crash is different than day to day buying-selling.... . Most of the money in market cap loses their worth doesn't mean somebody is making millions out of it. And trust me, working for a stock valuation MNC , i do know a bit about it

I've already proven you to be a liar so trying to weasel your way out is futile. And I'm not interested in your bs vedic math. Kid, I live and breath the stock market so don't lecture me with more Indian BS since you know nothing about Chinese stock market

 

[Tridibans]

I've already proven you to be a liar so trying to weasel your way out is futile. And I'm not interested in your bs vedic math. Kid, I live and breath the stock market so don't lecture me with more Indian BS since you know nothing about Chinese stock market

Are you so dumb and butter hurt after losing millions last week that you don't even believe official websites and data? The link you quoted says about BSE only.
Ignorance is good until you spew out utter rubbish. Help yourself and go to the respective official website.....

BSE and Nse together have 3.65 trillion USD as market capitalisation. In fact, both are world's 9th and 10th largest stock market respectively.

@SrNair can you please help out our friend here....

 

[Jlaw]

Are you so dumb and butter hurt after losing millions last week that you don't even believe official websites and data? The link you quoted says about BSE only.
Ignorance is good until you spew out utter rubbish. Help yourself and go to the respective official website.....

BSE and Nse together have 3.65 trillion USD as market capitalisation. In fact, both are world's 9th and 10th largest stock market respectively.

@SrNair can you please help out our friend here....

Take it up with your stupid indian TOI indian.

 

[AndrewJin]

China's $3.2 trillion worth m-cap erosion is twice the size of Indian stock market - The Economic Times

We lost 2 Indias, not a big deal.

 

[Gijoe]

Are you so dumb and butter hurt after losing millions last week that you don't even believe official websites and data? The link you quoted says about BSE only.
Ignorance is good until you spew out utter rubbish. Help yourself and go to the respective official website.....

BSE and Nse together have 3.65 trillion USD as market capitalisation. In fact, both are world's 9th and 10th largest stock market respectively.

@SrNair can you please help out our friend here....

Funny Indian, with this 3.65 trillions in Indian market could have already got good sanitary system for the nation. Lol funny very funny Indian.

 

[Lavrentiy]

Probably margin trading resulted in a hugely over-valued market. An over-valued market would always come down eventually. Stocks would eventually come close to their intrinsic values.

Small and less-sophisticated investors should never indulge in margin trading or derivative securities. One needs to have a very good skill at technical and fundamental analysis before such risky overtures.

Personally, I started trading in futures only after 5 years experience in the stock market.
------------------------------------
Can some Chinese friend tell me what was the value of RSI (Relative Strength Index) before this crash set in? It must have been way over 70.

 

[sweetgrape]

@Jlaw

Learn some economics bro. Nobody gained 3.5 trillion dollars. It was a freefall correction of stocks overvalued by figures like 500 % etc.....

In a market crash, overvalued, P/E ratio ratio stocks crash like anything, coming down to its actual value in the market. Just like the Asian depression of 1997-98 and real estate bubble of the west in 2008-9. Free fall crash is different than day to day buying-selling.... . Most of the money in market cap loses their worth doesn't mean somebody is making millions out of it. And trust me, working for a stock valuation MNC , i do know a bit about it



BSE itself is a 1.75 trillion stock exchange
Indias market capitalisation crosses Rs 100 trillion | Business Standard News

Bombay Stock Exchange - Wikipedia, the free encyclopedia

AD National Stock exchange is another 1.5 trillion. BSE and NSE are the major (around 95%) stock markets in India.

List of stock exchanges - Wikipedia, the free encyclopedia

National Stock Exchange of India - Wikipedia, the free encyclopedia

Next time onwards, do atleast use the google to visit their official sites before labelling others as liers

Hehe, another indian who think 3.5 trillion disappear, no one gain.

Chinese Stock Markets Are in the Middle of an ‘Unprecedented’ Slide | Page 11

Guy, you make it complex, I am well in finance, but know a little, below is my opinion, if wrong, correct me:
1.what's stock market: Stock is a market, that let company collecting money for company developing through stock exchanging, first, stock itself is not unvalued, but because it can exchange, it has price, like currency.

2.The company which IPO get the first benifit from the stock market: When a company start IPO, the instituation(A) and public(B) can buy the share through Primary and secondary market that you said( Normal public can't buy it through Primary market), if the company have 1 million shares, assume that, each share's price is $20(In fact, in primary, you can get it cheaper, for simple, let's set it $20), and in fact, in the 1 million shares, many are owned by company owner(No exchange frequentarily generally) , assume about 0.5 million, so the company get about 10 million$, instituation and public lost 10 million$, but they have shares.

then instituation and public exchange the share in the secondary market, if the share price up to 30$, C buy them, so till now: Company get 10 million, the A and B earn 5 million, the C spend 15 million on these, the C's wealth is distributed to Company, A, B, the whole wealth is 15 million( If you want caculate the 0.5 million shares owned by company owner, the whole value is from 20 million to 30 million).

Then if the share price to 10$, C sell it to D, C lost 5 million$,the price of 0.5 million shares is down from 15 million to 5 million right. is 10 million disappear, no one get it? I don't thing so, from IP, Company earn 10 million, A and B earn 5 million, D lost 10 million, and value of 0.5 million is 5 million: 10(Company earned) +5( A and B earned) = 10( D lost) + 5 (Value of 0.5 million). it is wealth transfer, not disappear.

The $3.7 trillion has been took by others before falling.