Powerful stock market decline in China – down over six percent – HegnarOnline

Powerful stock market decline in China – down over six percent – HegnarOnline

The exchanges in China plunges Monday morning, following the sharp sell-off in financial and property shares.

According to CNBC falling financial shares on the Shanghai Stock Exchange by over 10 percent, after authorities indicted three of the country’s largest brokerage illegal margin trading.

– It is a bloodbath in Chinese stocks, said Stan Shamu of IG Markets CNBC.

CSI 300 Index declines 6.59 percent, while Shanghai Composites is down 6.39 percent.

The exchanges in China has not fallen powerful since 2009.

Also in Hong Kong are trading sharply, with a fall of 1.21 percent for the Hang Seng Index.

The positive mood from Wall Street Friday heading up the remaining markets.

In Japan Nikkei 225 up 0.86 percent, while the broader Topix index rises 0.64 percent.

Australian S & amp; P / ASX 200 is up 0.19 percent, Singapore’s Straits Times tiger 0.24 percent, while the Kospi in South Korea exceeds 0.85 percent.

In Taiwan TAIEX up 0.24 percent.

The unrest in China has otherwise given an upturn in the yen exchange rate, which is approaching its highest level in three months against euro.

Residential Fall in China
Prices of new homes fell in 65 of 70 Chinese cities in December compared with the previous month.

The report China’s statistical agency Sunday, according to Bloomberg News.

Prices fell in 67 of the 70 largest cities in November.