China jitters could trigger global market bloodbath, IMF warns

Jitters over the health of the Chinese economy could trigger a bloodbath on financial markets if a hard landing materialises, the International Monetary Fund has warned.

The IMF said policy choices in the world’s second largest economy would also have “increasing implications for global financial stability” in the coming years as the country opens up its bond and equity markets.

The fund said emerging market economies such as China, India, Brazil and Russia had driven more than half of global growth over the past 15 years.

http://www.telegraph.co.uk/business/2016/04/04/china-jitters-could-trigger-global-market-bloodbath-imf-warns/

China’s woes rattle global markets

Right now the mentality is reduced-risk exposure across the board,” said Michael James, managing director of equity trading at Wedbush Securities.

“The fear is that things could worsen and I’d rather be selling now in advance of any potential weakening of indices.”

Chinese stock markets were in full disarray Thursday, halting trading within just 30 minutes of opening as prices slumped seven percent and triggered the “circuit breaker”.

Officials suspended the mechanism late Thursday, after judging it was doing more harm than good.

Chinese authorities lowered the yuan’s central rate against the US dollar by 0.51 percent to 6.5646, the lowest since March 2011.

http://news.yahoo.com/chinese-stock-markets-suspended-shares-fall-5-020004810.html?nf=1

As global markets flounder, Bitcoin rockets up 6%

Bitcoin, the world’s most popular digital currency, has skyrocketed despite a floundering global market.

The currency dipped to $312 in November — after jumping more than 70 percent in October to $410 — but has steadily risen to more than $450 in the last two months.

http://www.cnbc.com/2016/01/07/as-global-markets-flounder-bitcoin-rockets-up-6.html

AS GLOBAL MARKETS FLOUNDER, BITCOIN ROCKETS UP 6%

The currency dipped to $312 in November — after jumping more than 70 percent in October to $410 — but has steadily risen to more than $450 in the last two months.

Bitcoin was up 6 percent on Thursday morning, after opening at $429.

As Global Markets Flounder, Bitcoin Rockets Up 6%

China’s Seven-Minute Selling Frenzy That Shook Global Markets

The sell orders piled up fast on Monday at Shenwan Hongyuan Group, China’s fifth-biggest brokerage by market value.

China’s CSI 300 Index had just tumbled 5 percent, triggering a 15-minute trading halt, and stock investors were scrambling to exit before getting locked in by a full-day suspension set to take effect at 7 percent. When the first halt was lifted, the market reaction was swift: it took just seven minutes for losses to reach the limit as volumes surged to their highs of the day.

“Investors rushed to the door during the level-one stage of the circuit breaker as they fretted the market would go down further,” said William Wong, the head of sales trading at Shenwan Hongyuan in Hong Kong.

EGX bleeds shading global markets, benchmark tumbles 5.4%

 The Egyptian Exchange (EGX) extended its sharp slip at the close of Sunday’s session, as global market tumbled amid fears about an imminent economic slowdown emerging from China, in addition to a fresh slide of oil prices.

http://www.thecairopost.com/news/164822/business/egx-bleeds-shading-global-markets-benchmark-tumbles-5-4?