China rolls out emergency measures to prevent stock market crash

BEIJING/SHANGHAI (Reuters) - China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy.

The government is anxiously awaiting the market opening on Monday to see if the new measures will halt a 30 percent plunge in the last three weeks, or if panicky investors who borrowed heavily to speculate on stocks will continue to sell.

In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company which in turn would be aided by a direct line of liquidity from the central bank.

China has also orchestrated a halt to new share issues, with dozens of firms scrapping their IPO plans in separate but similarly worded statements over the weekend, in a tactic authorities have used before to support markets.

URL: http://finance.yahoo.com/news/chinese-offi...-110047668.html

Japan Stocks Fall, Yen Rises After Greece Votes No to Austerity
http://www.bloomberg.com/news/articles/201...no-to-austerity

Ringgit Tumbles to Weakest Since 3.8 Dollar Peg Scrapped in 2005

Malaysia’s ringgit tumbled to the weakest level since a dollar peg was scrapped in 2005 as the heightened risk that Greece will exit the euro damped demand for emerging-market assets.

The currency dropped 0.7 percent to 3.8045 versus the greenback as of 8:21 a.m. in Kuala Lumpur, data compiled by Bloomberg show. The currency was fixed at 3.8000 per dollar in 1998 during the Asian financial crisis after it slumped 35 percent the previous year amid a devaluation in the Thai baht.

URL: http://www.bloomberg.com/news/articles/201...crapped-in-2005

Bravo Najib! Bravo BN!

Investors should stay defensive

DESPITE having spent US$10 trillion in trying to stimulate their economies and fighting financial crises, central banks are still faced with the prospect of slower global growth and loads of debt.

URL: http://www.thestar.com.my/Business/Busines...sive/?style=biz

Look at Shanghai

http://www.marketwatch.com/investing/index...ome_latest_news

Opens 7.82% higher

Best and worst performance in my portfolio to date:-

EISC = +11.04%

Manulife China = -4.43%

Note: Manulife China down by another 2% after FSM updated it at around 4.15 p.m.

This post has been edited by Vanguard 2015: Jul 6 2015, 04:24 PM

Anybody tops up today?

Just topped Ponzi 2.0 today!

This post has been edited by David83: Jul 6 2015, 01:11 PM

Hong Kong Stocks Sink Most Since ’12 on China, Greece Double Hit

Hong Kong stocks sank toward their steepest drop since 2012 amid speculation Chinese investors were shifting money out of the city’s market and as Greece’s rejection of austerity measures spurred equity declines across Asia.

Hong Kong Exchanges & Clearing Ltd. tumbled 9.8 percent at the lunch break, on course for its biggest decline since October 2008, after Goldman Sachs Group Inc. recommended selling the shares. Haitong International Securities Group Ltd. slid 15 percent as mainland brokerages slumped. Internet company Tencent Holdings Ltd. fell 7 percent, dragging the city’s benchmark equity index lower.

URL: http://www.bloomberg.com/news/articles/201...eece-double-hit

Wait first .. Still hv time for promo 1% sc

blood bath in MY after Najib allegations

Really because of him-meh? M'sia just -1.x%....
he can affect HK mkt (-4.X%), Korea (-2.X%), Nikkei (-2.x%) too?

USD-MYR breaches 3.80XX level? Is this because of him?

I think more to this as spelled out in
post # 812
https://forum.lowyat.net/topic/3461956/+800#entry75258508

China is under the spot light ... Top up time

index wise is about > 25% "cheaper" than early June....
will it hold or continue to drop?

Do a sequential top up shall be good ...

Thanks for the reminder of this tactics....

In terms of transaction security of the Fundsupermart online platform, does it have anything like trading PIN for the online share trading platform (or something like TAC for online banking transaction)?

This post has been edited by pedestrian: Jul 6 2015, 02:15 PM