Shanghai exchange today:
*ACH! Guess you’ll have to click on “1 day” )
Changes aren’t as dramatic as the scale makes it look, but still impressive.
Believe they close for the weekend tomorrow.
The Chinese Government has set up powerful capabilities to manipulate and prop up their markets since 2016.
We can expect that they have a hundred billion dollars ready to flood in as a prop, and can efficiently target it for effect.
So its hard to time the actual dip, because it is not really
a free market. But the the underlying economic reality is that business valuations should be adjusted downward over there, because they will be losing business volume.
If the Government artificially props up valuations now (likely), and more tariffs hit later, they might have an even bigger drop at some point later, to adjust to reality.
Noted - thanks! The monthly and longer term graphs (for any exchange) are of more interest to me... :-)