The Regulatory Commission spokesman Stock Market of China (CRMV), Zhang Xiaojun, said in statements to the Chinese official news agency Xinhua the CSF, a state entity to credit brokers, continue taking charge these acquisitions against speculation that Beijing had decided to abandon their attempts to save the market and let the parks fall under its own weight, after a year of stock market bubble. The official source also said that the commission is investigating suspected massive stock sales by some individuals and could punish “malicious” operations.
Chinese shares today suffered its biggest collapse since 2007, the 8.48% fall the Shanghai index, the benchmark of Chinese parquet, 7.59% and the Shenzhen , just two weeks after starting to recover from its worst month, which reached losing a third of its value. More than half of the companies listed on both markets, ie titles, some 1,600 companies, came to lose today to 10%, which is the maximum daily variation that allows the Chinese stock market regulations.
Wall Street today kept losses in afternoon trading and the Dow Jones Industrial Average, the leading indicator, was down 0.72% after the stock market crash in China. In Ecuador the first session of the week, the index fell 126.20 points to 17,442.33 points, while the selective S & P 500 was down 0.48% (10 integers to 2069.65 points) and Nasdaq composite index was down 0.81% (41.41 units, to 5047.22 integers)
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According to analysts, the main reason for the strong descent was the Ad of the National Bureau of Statistics that the benefits of China’s major industrial firms declined by 0.3% in June year , in sharp contrast to the 0.6% annual growth that They recorded in May. In addition, the energy sector was sharply lower, although moderating somewhat, and this time fell 1.21%, and was one of those responsible for the red dominate today on Wall Street, where the Texas oil traded at clearly low, specifically to $ 47.49 a barrel.
In other markets, gold rose to 1096.2, the yield on government bonds retreated to 2.233% and the dollar lost ground against the euro which it was trading at $ 1.1113 unit. The US dollar operates in the opposite of the world market in Brazil and regains strength against the local currency, the real, touching its highest in 12 years. R $ 3.382 was the peak of Monday .
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