Worst day on the Shanghai Stock Exchange in 8 years. This data can help better understand the incredible thud that the car recorded today Shanghai Stock Exchange which closed the negotiations with a very heavy price -8,48% losing 345,3 points and dropping decidedly below 4000, stopping at 3725,56.
It appeared that the crash in June had been put behind us after a series of recoveries in the first part of July which was mainly due to the Chinese government's measures aimed at curbing the bursting of the bubble. Today, the deep red certified by the closure of Shanghai is evidence of the failure of Beijing's measures which did not convince investors who immediately resumed their flight. ??The tremendous knockout of the Shanghai Stock Exchange also affected the other main Asian markets which all closed in the red. The day was also very negative Hong Kong with the Hang Seng index registering a deficit of over 3 percentage points; Shenzhen travels almost in parallel with Shanghai and loses 7,5%. Tokyo leaves 0,95% on the ground.
The black day on Asian markets also affects the European markets which opened with the Ftse Mib which at 10,40 was negative by 1,18%. Paris (-1,14%) and Frankfurt (-1%) are also bad. Among the worst stocks today is that of Salvatore Ferragamo which loses 3,33%. The haute couture maison pays heavily for the Chinese collapse, one of the main reference markets for Ferragamo.
