Chinese stocks in Hong Kong fell to the lowest level in four years as mainland shares plunged, forcing an early halt to trading for the second day this week, after the central bank cut its yuan reference rate by the most since August.
Asian stocks were crushed across the board at midday trading after China cut employment for the twenty-second month in a row, as the nation’s General Manufacturing PMI™index deteriorated at its fastest rate since March 2009.
Kirk Bostrom at Strategic Preservation Partners LP warns that a global government bond crash is finally under way.
The communist Chinese regime fears the risk of a rebellion if tens of millions of rural migrants lose their jobs, with the export-driven economy crumbling.
Apple (NASDAQ:AAPL=$115) stock has plunged about $114 billion in market value since the company reported very good quarterly sales and earnings two weeks ago.
China’s stock market suffered an 8.48% crash on Monday that humiliated the country’s leadership and will almost certainly cause a major Communist Party crisis.
