Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 8 January 2016

China stocks limit down again

Heh, the new year ripping off with a bang as China's stocks shunted straight into the circuit breakers again within only 15 minutes of trade in recording another 7 per cent decline.

With the index shedding more than 500 points or nearly 14 per cent since Xmas, one wonders what measures will be thrown at the ailing market this time? 

Authorities may need to get the police involved here looking at the chart...


Short of suspending trading indefinitely, it looks to be a matter of time before the index finds itself all the way back where it started at 2,000. 

Mind you, Aussie stocks aren't faring much better, having experienced their worst ever start to a calendar year, off by another 2.2 per cent today to be down by 5.8 per cent in five sessions. 

Aussie dollar looking set to sneak down through 70 US cents...