Another thud for the Shanghai Stock Exchange, which ended trading with the main index down 5,15%. The recovery from yesterday's session, which ended up 5,58%, is therefore almost cancelled. The Dragon market lost 3,3% on Monday. It has been calculated that from 12 to 29 June the total loss will reach 1.200 billion dollars.
The Chinese price list therefore confirms its very high level of volatilityas well as the interpretation according to which the speculative bubble that had inflated in the first few months of the year has exploded in the last few days. In the last two weeks, the Shanghai Stock Exchange has lost about 20%, but since the beginning of 2015 it has risen close to 30%.
To try to contain the sell-off and reduce the panic on the markets, in recent days the Central Bank of China has further lowered interest rates and reduced the required reserves for banks.
