Last week, stock markets partially recovered their losses sustained a week earlier. At the same time, commodity markets continued to fall. The week started uneasily, since China’s stock market saw a new fall on Monday. The maximum deviation of stock prices in China cannot exceed 10% within one trading day. After this limit is reached, trading is automatically suspended.
Thus, on Monday, 27 July, transactions with securities of almost 1,800 companies were suspended, which constitute more than 60% of all issuers registered with the main trading platforms in Shanghai and Shenzhen. Chinese stock exchanges continued to fall on the subsequent day as well. The impact of China’s factor moved to the background after the assurance of International Monetary Fund (IMF) Managing Director Christine Lagarde that “the Chinese economy is resilient and strong enough to withstand that kind of significant variation in the market.”
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