Article

2022-03-15 China-Japan-Koreas

Panic Selling Grips Chinese Stocks in Biggest Plunge Since 2008

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Posted by Besoeker 2022-03-15 00:00|| || Front Page|| [8 views ] Top
File under: Commies

#1 On Sunday, China ordered all of Shenzhen's 17.5 million residents into a seven-day lockdown, with three rounds of testing. All public transport is halted and all businesses, except essential services, will be closed until March 20.

As a result, Apple supplier Foxconn has shut two of its plants in the area and relocated production elsewhere.

The lockdown and outbreaks threaten manufacturing and tech production in Shenzhen, known as China's Silicon Valley. It's home to Huawei and Tencent, and is home to one of the country's key ports.

Try this on for size.

Posted by Vespasian Ebboting9735 2022-03-15 07:32|| 2022-03-15 07:32|| Front Page Top

#2 May you live in interesting times

Posted by Procopius2k 2022-03-15 09:06|| 2022-03-15 09:06|| Front Page Top

#3 Sentiment was also hurt by a Covid-induced lockdown in the southern city of Shenzhen, a key tech hub, and the northern province of Jilin.

Rumors of, or at least preparations for, 2 months.

Posted by swksvolFF 2022-03-15 10:07|| 2022-03-15 10:07|| Front Page Top

#4 The CCP will just 'adjust' the data and everything will be peachy by next week.

Posted by Mullah Richard OTR 2022-03-15 10:11|| 2022-03-15 10:11|| Front Page Top

#5 These moves can't be popular with a lot of Chinese, especially the upper class movers and shakers.

Wouldn't be surprised at a "Khrushchev moment" for Xi. People are always invincible until they aren't.

Posted by Tom 2022-03-15 11:27|| 2022-03-15 11:27|| Front Page Top

#6 DOW is up 328 right now. Seems that "decoupling" is well underway...

Posted by M. Murcek 2022-03-15 11:29|| 2022-03-15 11:29|| Front Page Top

#7 ^ No. Dow is a yo-yo now. VIX is up 62% today

Posted by Spavish Bucket6179 2022-03-15 11:36|| 2022-03-15 11:36|| Front Page Top

#8 These moves can't be popular with a lot of Chinese, especially the upper class movers and shakers.

It may sound a bit tin chapeau, but i wonder if what happens in a region the average social credit score goes below a certain number...

Posted by swksvolFF 2022-03-15 11:58|| 2022-03-15 11:58|| Front Page Top

#9 VIX is up 62% today

Mmm, it's not. Chicago Board Options Exchange's CBOE Volatility Index (VIX) has been wavering between 29 and 33 for the last week. As I type, it's just under 31. Average for the last 5 days is -1.76%.

Posted by Mullah Richard OTR 2022-03-15 14:02|| 2022-03-15 14:02|| Front Page Top

#10 And the Dow is not a serious yo-yo. +427.39 (1.30%) today.

Low for week 32,989.27
High for week 33,444.00

Posted by Mullah Richard OTR 2022-03-15 14:06|| 2022-03-15 14:06|| Front Page Top

#11 INDEXCBOE: VIX is up 86.99% YTD/since January 1

Posted by Spusoth and Tenille9182 2022-03-15 14:46|| 2022-03-15 14:46|| Front Page Top

#12 Up 86.99% YTD/since January 1 is a bit different than "VIX is up 62% today"

Posted by Mullah Richard OTR 2022-03-15 15:14|| 2022-03-15 15:14|| Front Page Top

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