Chinese stock bubble of 2007
The Chinese stock bubble of 2007 (
SSE Composite Index of the Shanghai Stock Exchange tumbled 9%, the largest drop in 10 years.[3]
The plunge in Asian markets sent ripples through the global market as the world reacted to the 9% meltdown in the Chinese stock market.[4] The Chinese Correction triggered drops and major unease in nearly all financial markets around the world.[5]
After the Chinese market drop, the
September 11, 2001, terrorist attacks. The S&P 500 saw a larger 3.47% slide. Sell orders were made so fast that an additional analysis computer had to be used, causing an instantaneous 200-point drop at one point in the Dow Industrials.[6]
But, Shanghai Composite then raised to peak 6,092 in October 2007, then plunged between November 2007-November 2008.[7]
See also
- Chinese financial system
- Chinese property bubble
- Commodity trading in China
References
- ^ "This Day in History: The 2007 China Stock Market Crash". thatsmags.com. 2021-02-26. Retrieved 2023-03-28.
- ^ "Wall Street Slammed After China Stock Woes - World Market Analysis | Financial News | Market Data | Stock Market News". FOXNews.com. 2011-12-06. Archived from the original on 2012-10-16. Retrieved 2012-06-06.
- ^ "Black Tuesday In China". Forbes.com. 2007-02-27. Archived from the original on March 2, 2007. Retrieved 2012-06-06.
- ^ Xinhua – English
- ^ "Business | Share sale knocks Chinese market". BBC News. 2007-02-27. Retrieved 2012-06-06.
- ^ "printque". cnn.com. 2007-02-27. Retrieved 2012-11-01.
- ^ "Shanghai Market Slide Is Still Far Short of 2008 Plunge". wsj.com. 2015-07-05. Retrieved 2023-03-28.