Chinese Stocks Crash 25%- Hong Kong Index reached 1996 Levels

[GeneralGogol]

Chinese Stock Crash: Top Stocks Shed Nearly $70 Billion In U.S. As Xi’s Third Term Puts Market On Edge

The Nasdaq Golden Dragon China Index fell 14% Monday and is down nearly 80% from its February 2021 peak.

www.forbes.com

Could be a bargain if one believes that investing in dictatorships is a good idea...

 

[troubled soul]

Seems Market does not Like Xi re-election

 

[GeneralGogol]

Seems Market does not Like Xi re-election

Nope.

When you elect an insane dictator without any checks and balances (zero Covid policy.... LOL), that's what you get.
A crash worse then the Dotcom crash and it's amazing that almost nobody is talking about it.

If you bought the Shanghai stock index in 2001 and held until now you made less than 1% per year...

Can't wait to see how the world reacts when he tries to invade Taiwan, we are going to see -90% on the Chinese index.
Let's hope he learns from Putin's mistake and doesn't attempt it (but I doubt)

 

[RealDude]

New World Order

 

[GeneralGogol]

New World Order

Yeah, China is going to be the first world leader with zero foreign investments, and with full lockdown on all their cities until 2060.

Where are all the "covid" conspiracy people whining about lockdowns? China STILL HAS full lockdowns right this moment and nobody is talking about it suddenly

China locks down millions as COVID cases rise before winter

Controversial ‘zero COVID’ policy under strain as cases top 2,000 for a second straight day.

www.aljazeera.com