FYI: The Chinese Make $3.9 Trillion Dollars Disappear Since June 12th – Chinese Stocks in a Free Fall
The Shanghai Stock Exchange Composite Index has lost 28 percent since its peak on June 12, the worst selloff in two decades. About $3.9 trillion in market valuation has evaporated, more than the total annual output of Germany—the world’s fourth-largest economy—and 16 times Greece’s gross domestic product. The benchmark is still up 82 percent in the past year, the most among the world’s major markets
Regards,
Ted
http://dailyalts.com/3-9-trillion-market-value-wiped-chinese-markets/
