Sinking the Shanghai stock market, fear in the markets – AGI – Agenzia Journalistic Italy

22:39 July 27, 2015

(AGI) – Rome, July 27 – China scares world markets disposable panic on finance. This morning there ‘was the collapse of the Asian stock markets pulled downward by the thud of the Chinese lists. Shanghai has sold over 8.6% by recording the loss more ‘consistent the past eight years. To weigh the fears of investors for holding the Chinese economy after the release of data on corporate earnings in June which recorded a 0.3% year on year and 0.6% recorded in May. He has contributed to the collapse of Chinese stocks also decline in the index and that of thiols It ‘came to lose 3%.
A driving down the Shanghai Stock Exchange especially the titles of the financial sector and non-ferrous metals, Xinhua Xinhua. Down sharply even the Shenzhen Stock Exchange, which has left on the ground 7%, to 2160.09 points.
The Hang Seng Index of the Hong Kong Stock Exchange registered a decline of 3.28% to 24305, 23 points. Last week, the Shanghai Stock Exchange had registered the most ‘long winning streak since last May, before the market crisis, which has led to three trillion dollars in losses in a few weeks. The steep fall today, according to analysts, and ‘due primarily to the shortage’ of investor

confidence in the estate of the stock after the collapse of the June-July that prompted many to sell in order to collect the profits, after the ‘Composite index was back above four points. All this caused the reaction of the Chinese regulator, the China Securities Finance Corp Ltd, which in the evening has stressed that will continue ‘to buy stocks to stabilize the market. At the same time the authorities’ does not rule out that some big investor involved in a sale of shares and this explains, are in the course of investigations from which emerge the first clues. And the authorities’ announced an iron fist emerge if responsibility ‘of people and society’ in the collapse of the Chinese lists. European shares in any case suffer the blow and fall heavily. London gives the 1.13% to 6,505.13 points, the Paris 2.57% to 4,927.60 points, Frankfurt 2.56% to 11,056.40 points. In Milan the FTSE MIB does record the worst performance to -2.97%, down even Madrid to -1.44%. In Greece, meanwhile, negotiations began between the creditors and and the government waiting for the reopening of the bag still closed from June 29.