Shanghai equity sell down triggers another circuit breaker halt, now suspend for the day.

catch22

This is a Twitter feed......

https://twitter.com/search?q=shanghai+composite&ref_src=twsrc^google|twcamp^serp|twgr^search

Noted that the trading halt was at a -5%, but Yahoo Asia finance also indicates a -7.3% down.
Update that the 15 minute halt has moved to suspended trading for the remainder of the day...........this twitter feed will be busy with reports.

Other Asia markets also not happy:

This Yahoo Finance link should be set to: U.S. and Global Indicies, with Asia the selected market.

http://finance.yahoo.com/stock-center/

Crude getting the continued hit, too.

What? I'm headed back to bonds again ??? Tomorrow may tell.....

Take care,
Catch

Dex

US Futures down 1%+

Happy new years! Chinese that is.

Mona

Dex said:

US Futures down 1%+

Happy new years! Chinese that is.

Did you mean -1%

catch22

I read Dex's note as greater than a -1% down............which is the case, right now.

http://finviz.com/futures.ashx

Old_Joe

In his inimitable "style", he probably meant down somewhat in excess of 1%. Just a guess.

Dex

catch22 said:

I read Dex's note as greater than a -1% down............which is the case, right now.

http://finviz.com/futures.ashx

Thanks for get'n my back bro.

heezsafe

This is due to currency (onshore) devaluation, done by the PBOC before markets opened. It was not unexpected, but quite a bit larger than expected. Fear of capital flight, people wanted out NOW.

As predicted by Mish Shedlock this afternoon (our time zones):
http://globaleconomicanalysis.blogspot.com/2016/01/another-2-yuan-devaluation-coming-up.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+MishsGlobalEconomicTrendAnalysis+(Mish's+Global+Economic+Trend+Analysis)