Welcome to EastBound88.com!

Heading toward to the East

To start the journey, please log in and start posting!

Member Login

Not a member yet? Sign Up!

  • Or
  •  
  • Forgotten password? Help!

  • 23 Chinese restaurant owners sue Philly in U.S. court, allege discriminatory night-cl

    Twenty-three owners of neighborhood Chinese restaurants in Philadelphia have filed a federal read on

    American 65, lunges at a group of children in Thailand before exposing himse

    A depraved pensioner has been filmed lunging at children before exposing himself to read on

    Jollibee is opening its first store in manhattan

    Filipino fast-food behemoth Jollibee is setting its sights on taking over the United States read on

    Japan, Vietnam to work together to secure peace in South China Sea

    TOKYO Japanese Prime Minister Shinzo Abe and his Vietnamese counterpart Nguyen Xuan Phuc read on

    CHINESE SPY ARRESTED IN CHICAGO

    A Chinese national has been arrested on suspicion of spying on the United States for China, read on

    Pence to tell China: We will not be intimidated in South China Sea

    U.S. Vice President Mike Pence, sharpening U.S. criticism of Chinese policies around the read on

    Chinese destroyer's 'unsafe' interaction with USS Decatur in South China Sea

    A Chinese destroyer came a stone's throw away from a U.S. Navy ship as the American vessel read on

    Trump Clears Deck for China Trade War With New Nafta Deal

    (Bloomberg) -- President Donald Trump looks to be preparing for a potentially protracted read on

    Suspect charged with murder in Japanese student's death pleads not guilty

    A man charged with second-degree murder and indignity to a human body in connection with the read on

    Trump accuses China of attempting to meddle in the 2018 midterms, tells world leaders

    Trump accuses China of attempting to meddle in the 2018 midterms, tells world leaders 'they do read on
  • Shanghai's crashing stock market has lost $2 trillion more than the value of all Ge



    China's stock collapse in the last couple of weeks has been as dramatic as its previous surge was. Despite logging its biggest one-day rise since 2009 on Thursday, the previous 17 days saw the index collapse by 32.1%.

    Given the overall size of the Chinese stock market, that means tremendous amounts of market value was lost. In fact, according to a note from Bank of America Merrill Lynch analysts on Thursday morning, $2 trillion (1.30 trillion) was wiped off the Shanghai Composite, the country's benchmark stock index.

    There have been steeper crashes in countries around the world throughout history, but the notable thing about the Shanghai Composite's collapse is the speed at which it went through the floor. In 2008, Shanghai stocks fell by 49.2%, but it took 125 trading days to do so from the top.

    You can see from the graph above that the crash is far sharper than the bursting of the 2008 stock bubble, even though the index had further to fall back then.

    Here's how it looks in historical context:



    The plunge has been stalled, with nearly half of the stocks on the exchange not trading on Wednesday.
    The individual collapses of companies could also have been more severe if it wasn't for the 10% maximum movement that Chinese stocks are allowed to make each day once they fall by a tenth in value, trading is suspended.

    To put the slump in context, According to the World Federation of Exchanges the companies listed by Germany's Deutsche Borse ran to $1.823 trillion (1.18 trillion) in May.

    http://www.businessinsider.com/shang...17-days-2015-7

    This article was originally published in forum thread: Shanghai's crashing stock market has lost $2 trillion more than the value of all Ge started by EB88 News View original post


About Us

    "EastBound88.com is your premier portal for news and discussion on Asian traditions, contemporary culture, history and politics. Catch up on current events, chat with friends, watch a movie, have a serious debate or hang out in the arcade! Thank you for visiting and enjoy your stay."
EastBound

Quick Links

Follow Us on