US Contagion Accelerates – China Big Caps Crash Over 7%, Worst Week Since Lehman
by Tyler Durden
ZeroHedge.com
Thu, 02/08/2018
Update 0950ET: Things went from bad to worst very fast…
*CHINA H-SHARE INDEX SLIDES 5%
*SHANGHAI COMPOSITE INDEX DROPS 5.3%
*CHINA SSE 50 INDEX OF BIG CAPS DROPS 7.5%
*TENCENT DROPS 5.1% TO TRADE BELOW HK$400
This is the big caps worst day since the Aug 2015 devaluation crash, and the worst week (unless The National Team steps in) since Lehman…
After an insane winning streak in December and January, the Hang Seng has plummeted in the last few days and along with the rest of the major mainland China equity markets – has entered correction.
2018 started off so well in China…
The Rest…HERE
