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> Is there any indication that these wild swings are caused on purpose? I mean they did occur after the Chinese devalued their currency again, so did they not k
by netheril96 11y ago
> Is there any indication that these wild swings are caused on purpose? I mean they did occur after the Chinese devalued their currency again, so did they not know that a downturn in the market was going to follow?
I am a Chinese and I heard two theories from my friends:
1. Today's swing is a response to North Korea's hydrogen bomb news.
2. The downturn in the market is deliberate so that China's pension fund, currently in massive deficit, can reap the gains by entering the market at its low point.
- wodenokoto 11y agoIt also coincides with the end of a 6 month ban on selling shares from top holders as well as with growing concerns that China, despite the official numbers, is actually in a recession. There is no lack of theories, but look at the insane market valuation growth last year and maybe calling it the burst of a speculative bubble is the simplest explanation.
- netheril96 11y ago> calling it the burst of a speculative bubble is the simplest explanation. I do agree with that, but many people insist that it is not the truth. All kinds of theories have been invented since the collapse in July, all kinds of people have been jailed for "manipulating the market", and they still refuse the believe that the market is, just the market.