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Thread: Shanghai Index

  1. #1

    Default Shanghai Index

    In case anyone is following, the Shanghai Index is down just slightly tonight. Nothing for U.S. stocks to worry about in the morning yet...

    Shanghai (.SSEC:Shanghai Stock Exchange)

    *Data is delayed | CNY

    Last | 10/24/2018
    2,592.69 -2.13 (-0.08%)


    https://www.cnbc.com/quotes/?symbol=.SSEC



    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.


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  3. #2

    Join Date
    Jul 2012
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    Default Re: Shanghai Index

    Shanghai and the Hang Seng are up big right now.

    Question is though, why are all of a sudden people caring about the China market now, only after it's already went down 30 or so %?
    I trade based on volume + price action. Price action alone only tells half the story.

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  5. #3

    Default Re: Shanghai Index

    That's what I was writing about 3-4 months ago when it was tanking. Now that U.S. stocks are falling everyone's looking for reason. There are a few reasons but yesterday, for the first time they (the Chinese gov't) actually said they don't care about the trade war, which means resolving it may not be a concern - so it could get worse. Impacts earnings, inflation, etc.

    It's like we all knew interest rates were going to rise all year. The 10-year yield hit 3% months ago, but now stocks are selling off on it?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Do your own due diligence.

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  7. #4

    Join Date
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    Location
    Upstate NY
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    Default Re: Shanghai Index

    Will the people of the CPC do their duty as citizens and continue buying?

    Chinese stocks had their worst single day since the coronavirus pandemic began, amid a ratcheting up of tensions between the U.S. and China, but futures on the main U.S. markets were only modestly lower. The Shanghai Composite fell 4.5%, but is still up 11% over the last month.
    https://www.barrons.com/articles/chi...ip-51594890158

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