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Bloomberg Television

China’s Wild Stock Market Swings Hurt a $21 Trillion Bull Case 😘

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China’s 10 trillion stock market has witnessed the boom and bus cycle in the matter of weeks starting late September and the nation’s million strong Army of retail investors are struggling to cope the Chinese Equity Benchmark gained more than 30% through early October after stimulus Push by the Chinese government to support the economy the eye popping gangs have sparked a stock frenzy among the Chinese public with jeni to Mom and Pop rushing to open trading accounts and transfer money from Bank savings to the stock accounts but the shock downturn in the equity Market this past week has ended up burning many small investors that bought into the rally and many are now backing away from the stock market a we head index tracking users of the term closed Securities account spiked on October 9th a bank index tracking movements from savings account to stock trading accounts which stored in the first week October has turned negative indicating that money is now moving in the opposite direction this abrupt shifting sentiment is undermining hopes among China bulls that the country’s retail investors who are sitting on roughly $ 21 trillion dollar of deposits will help drive a long-term rally in share prices

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