Nightmare day for the Chinese stock exchanges, which collapsed towards the end of the session. The Shanghai stock closed 6,15% in the red, while Shenzhen lost 6,58%.
The sales were triggered by the 17 billion euro liquidity injection made by the Central Bank of China aimed at offsetting the flight of capital abroad: a move that according to analysts demonstrates the need for continued measures to support the economy.
In the wake of the Chinese markets, sales also prevail on the European markets, but the stock exchanges still manage to limit the damage. At the end of the morning Milan lost 0,3%, while Frankfurt and Paris lost respectively 0,2 and 0,4%. London is doing worse (-0,5%).
