Before NYSE shutdown, Hang Seng Index plunged its most since 2008 financial crisis
by Kit Daniels, Infowars:
Chinese stocks were suffering huge declines prior to the New York Stock Exchange shutdown due to an alleged “technical issue,” fueling concerns whether the NYSE was actually halted due to the free fall in China.
Companies in China fell 20% from a May high and, right before the NYSE shutdown, the Hang Seng Index plunged its most since the 2008 financial crisis.
“The Hang Seng Index fell 5.8% to 23,516.56 at the close today, the biggest drop since November 2008, after slumping as much as 8.6%,” Bloomberg’s Kana Nishizawa wrote.
Overall, China’s stock market plunge has wiped out around $3.2 trillion since June 12.
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