China's Stock Market Crashes And Closes Within First Hour Of Trading

[tyz]

China’s mainland stock markets didn’t last one hour of trading on Thursday. Trading was halted for the second time this week. The first day of the year saw Shanghai shares fall over 7%, triggering a circuit breaker mechanism which went into effect this year. Chinese mainland equities are now down over 13% in four days.

http://www.bloomberg.com/quote/SHCOMP:IND

[BellaBitBit]

And look what has happened to the price of Bitcoin like clockwork.  This seems to be a common occurrence now and has a ripple effect on other currencies and economies.  If one was timing it right they could have done some trading moves before the USA woke up to see what happened.

[Raimonn]

Come on to see how is the first day without the "circuit breaker" it could be a day with big movements on market, we will see if it affects the bitcoin prices.

[calkob]

Think i might buy a few and wait on the wave......

[randy8777]

The emergency circuit breaker has been removed from the chinese market today. No more closing so early in the session. Time for a bounce on Friday?

the circuit breaker is such a no-go. let the markets fall deep if people are in a panic selling mood. good to see that they removed this security option. let the market find out if the chinese stock exchange goes down just 1% or very deep 10%. freedom.....

[Anegg]

This will be pretty bad for most economies. This is no laughing matter. 

[Raimonn]

I expected big loses on first hour, and recovering the half of the loses wave at the end of the journey,  could be a day with lateral movements up and down. In my opinion  the "circuit breaker"  helped to the panic, and also the oil prices aren't helping.

[The Sceptical Chymist]

It's sad that I get a lot of news on bitcointalk--this is the first I heard of the circuit breaker in China.  I assume this was yesterday in China, not tonight.  Bitcointalk's clock gets me a bit confused, and now I'm going to have to check out Bloomberg.

US stocks got hammered today, but it wasn't a major crash.  Tomorrow should be interesting.

[DrLove2048]

China manipulates their currency so much it really surprises me people even bother to be affected by stuff like this.

[HabBear]

Certainly not the first time and always a good move (because the alternative is a crash).

It's great to see bitcoin move correspondingly and it'll be entertaing to watch all markets move tommorrow.

The real question is: are you buying into this? Or are you just a spectator?

[bitlancr]

China manipulates their currency so much it really surprises me people even bother to be affected by stuff like this.

Not just people are affected by it. Other stock markets around the world are hitting the red as well. It's the perfect example of a domino effect. Having the most of the biggest stock markets in the red means that they all sort of depend on each other to make it.

[~Bitcoin~]

This will be pretty bad for most economies. This is no laughing matter. 

But we find good pump with this, don't you think it is somehow nice in another manner ?

[erwin45hacked]

But we find good pump with this, don't you think it is somehow nice in another manner ?

It seems you are not getting the point of this, this is nothing to do with a pump or dump but more about economical state of china. If investor going out of chinese stock markets then they will be finding another potential thing for their money and this could be a huge news for bitcoin