After a short period of calm, the stock unscrewed again in China. Monday, July 27, China’s shares fell more than 8% fence. This is the largest decline over a day for eight years. The CSI300 Index of the largest stocks listed in Shanghai and Shenzhen fell 8.6% to 3 818.73 points and the Shanghai Composite Index 8.5% to 3 725.56 points.
In Hong Kong, the Hang Seng Index fell 3.1%, its biggest drop in one day in almost three weeks.
This drop follows the publication of gloomy results Chinese industrial groups Monday and a disappointing activity index in the manufacturing sector Friday. She comes, above all, to end a period of relative calm in the Chinese markets since Beijing has implemented a series of emergency measures to stem falling prices, which began mid-June.
The Chinese values were to resume over 15% since July 8, after having tumbled more than 30% in less than a month. This drop followed a speculative rise phase, which led the capitalization of Chinese markets to more than double in the first half
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Some financial analysts believe that the fear that Beijing push further monetary easing helped undermine investor confidence.
“The recent rebound was quick and strong and he therefore requires a technical correction” , for his part stressed Yang Hai, head of strategy at Kaiyuan Securities.
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