The Phaserl


Canaries In The Coal Mine, Part 2: Three Chinese Stocks Lose $40 Billion In One Week

by John Rubino, Dollar Collapse:

The Chinese stock market’s spectacular run is turning into a stagger:

Two more Hong Kong stocks collapse after Hanergy crash

Two of Hong Kong’s best-performing stocks plunged more than 40 percent Thursday, a day after a mysterious crash of almost 50 percent in Chinese solar firm Hanergy that saw almost $20 billion wiped off its market value.

Goldin Financial sank 43.34 percent to HK$17.48 and Goldin Properties crashed 40.91 percent to HK$14.36, after soaring more than 300 percent since the start of January, according to Bloomberg News.

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