Since the last week of June, the Chinese government has intervened in the country's stock markets nearly every day to stop their steep slide. But the harder Chinese authorities try, the more it looks like they are losing control. The Shanghai Composite
China's stock market is incredibly volatile right now, but that's not the whole story.
China's stock market is incredibly volatile right now, but that's not the whole story.
Later on Wednesday morning, another glitch caused trading in all securities to be suspended on the New York Stock Exchange. The mood was more of calm resignation. “It's under control. We're just waiting for word. There's no sign of panic at all,” one
As for the economic significance of what is going on, well these very big stock markets in Shanghai and Shenzhen are no longer serving their core purpose of supplying equity capital to businesses – which will have a significant negative impact on