China’s Shanghai and Shenzhen Stock Markets Plunged in 2022

China’s blue chip stock indices closed down sharply this year. The Shanghai Composite stock market ended down -15.1% for the year, the Shenzhen Component plunged 26% to 11,016 in 2022, both benchmarks notched their first annual losses since 2018. It has been a tumultuous year for Chinese investments with the implosion of China’s property sector and China’s Covid Zero policy, which it abandoned in late December as the virus spread rampant through the country. Hong Kong’s Hang Seng was down 15.5% … Continue reading “China’s Shanghai and Shenzhen Stock Markets Plunged in 2022”

Drewry World Container Index Fell 10% this week for the 30th Consecutive Weekly Decrease

Drewry’s composite World Container Index decreased by 10% to $4,471.99 per 40ft container this week, this was the 30th consecutive weekly decrease, and has fallen by 57% when compared with the same week last year. Meanwhile the Baltic Exchange’s dry bulk sea freight index continued its recovery. The BDI recorded its fourth weekly gain of about 16.8% on the week. Drewry said on Thursday, 22 September 2022 the average composite index of the World Container Index (WCI) assessed by Drewry … Continue reading “Drewry World Container Index Fell 10% this week for the 30th Consecutive Weekly Decrease”

China’s Shanghai Composite Closed Up 14% in 2020 After The Chinese Economy Reopened Early

China’s Shanghai Composite closed 3,473 gaining 14% in 2020, its highest level since February 2018. China, being the source of the Covid-19 pandemic and employing total lockdown was the first major country to reopen it’s economy.

Shanghai Gold Exchange Now The Largest Physical Gold Exchange in The World

Less than 20 years after launching the Shanghai Gold Exchange has become the world’s largest physical gold exchange. This trend is set to continue with two new futures contracts connecting CME Group gold futures to Shanghai Gold Exchange having launched in October.

A Quarter of Chinese Stocks Crash 10% as Trump Threatens Another $200 Billion in Tariffs

Stock markets opened lower on tuesday as investors eyes shifted from last week’s Federal Reserve policy statement to President Trump hitting China with threats of another $200 billion in tariffs. Shanghai markets were routed with over 1000 stocks falling 10%.