China’s stock market is about to collapse
HangTheBankers.com
June 20, 2015
It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly:
Today marked the fourth largest decline of the Shanghai Composite in two decades.
We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long time in the making.
Today the benchmark Shanghai Composite plunged 6.4%. That brings the carnage for the week to a total of 13.3%.
The Rest…HERE