Shanghai crash resumes

Monday 6 July 2015

Sorry, last one for the day. After launching nearly 8% this morning, Shanghai has now completely rolled over and is in the red:

Chinext has been flogged 6%:

On previous days this set up has tended to end with SSE capitalution…(by the way, I promise to kick this bust-watching habit).

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.