Live | China Markets Live - Chinese and Hong Kong stocks socked lower in wild month
Shanghai market falls 12.46 per cent, Shenzhen posts worst monthly performance since October 2008 with 15.18 per cent drop and Hong Kong down 12.46 per cent in its worst monthly fall since September 2011
Welcome to the SCMP's live markets blog. The intense volatility of recent weeks has every chance of remaining the core underlying theme of activity. Investors are increasingly focused the broader question of how this episode might affect the wider economy as many suspect the equity bubble has yet to fully deflate. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here’s a summary of market action today and end of last week:
- Wild August sees near 2 per cent yuan devaluation on August 11, followed by fresh market rout in Chinese equities which roil world financial markets
- Shanghai market falls 12.46 per cent in August, loses 30 per cent combined the last three months
- Shenzhen posts worst monthly performance with 15.18 per cent drop, having fallen 35 per cent the past three months
- Hong Kong settles up today, but falls 12.46 per cent in August, its worst monthly fall since September 2011
- Citic Securities confirms some of its top executives are under police investigation, shares slide up to 4.5 per cent
- Fed's Stanley Fischer says timing of US rate lift-off dependent on global market volatility
4:37pm: Hang Seng Index (yellow) dropped 12.46 per cent in August, its worst monthly fall since losing 14.33 per cent in September 2011.
The index has declined for the fourth straight month. It was down 6.15 per cent in July, 4.28 per cent in June and 2.52 per cent in May.
The Hang Seng has shed 22.97 per cent since settling at 28,133 at the end of April.
H-shares Index (purple) dropped 12.49 per cent in August, the second worst monthly fall since September 2011 when it sank by 18.51 per cent.