728x90 AdSpace

Latest News
July 7, 2015

40% Shenzhen Suspended and 10% of The Shanghai index Stopped Trading.

It's no secret the Chinese stock market is having a bad time. The Shanghai Stock Exchange is down 23 percent over the past month, while the small-cap focused Shenzhen market has lost nearly 35 percent over this time.

According to new information from eResearch and Richardson GMP Limited, about 40 percent of the Shenzhen is suspended, while 10 percent of the Shanghai index has stopped trading.

"The Shanghai composite has 1,106 members and represents the bigger companies while the Shenzhen has 1,767 comprised of smaller companies...Many have been suspended for a long time, weeks and months," the report added.

This graphic explains the situation a bit further.

It gets better, though. As the report explains, "the [Chinese] government is in trying to prop up share prices."

"Remember what oil did yesterday, down 7.7% and down a bit more this morning. Petro-China is the largest company in the Shanghai index and it was up 10% on Monday and 4% today...This will make for an interesting summer."

This story was originally published by Benzinga  
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters. © EconMatters All Rights Reserved | Facebook | Twitter | Free Email | Kindle

  • Blogger Comments
  • Facebook Comments
Item Reviewed: 40% Shenzhen Suspended and 10% of The Shanghai index Stopped Trading. Rating: 5 Reviewed By: EconMatters