Shanghai Composite went on a loud bang Monday and ended down 8.5 percent to 3,725.66. The increase over the last year is still at 75.2 percent.
Biggest downfall of over 8 years
Børskrasjen Monday the biggest fall in a day since February 2007, according to Bloomberg, on fears that growth will fall further in China in the future.
While some still believe in growth this year at 7 percent, on an annual basis in June, there are others who think it will be lower going forward – and substantially lower next year.
In addition to the latest figures showed Monday that the results of the Chinese industrial companies fell by 0.3 per cent last year in June.
Bad mood
The bad mood of Shanghai infected to Hong Kong, where the Hang Seng fell 3.1 percent and Hang Seng Mainland ended down 4 percent. The two indexes are then only up respectively 0,55- and 0,05 per cent last year.
There was also a decline in India, where stock market fell for 3 days in a row and ended down 1.5 percent. Tata Motors, which is owned by Jaguar Land Rover, for example, fell 3.3 percent to its lowest level in 16 months, according to Bloomberg.
BSE Sensex is then up 6 per cent last year.
Earlier in the day ended the Tokyo Stock Exchange down 0.9 percent.
Here at home falls the main index on the Oslo Stock Exchange 1.1 percent.
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