In June 2015, Chinese stock markets were starting to collapse and continued to two months. Shanghai stock index had been downed by 42.6% until Chinese government cut down the rate, devalued the Yuan and poured the huge capitals to the property industry.
Has Chinese economy gets better since?
This year, Chinese government is doing exactly same things again. This is the reason so many experts are beginning to worry about CHINA RISK once again. Everyone have to be careful about CHINA for the time being.
Since, Chinese government devalued Yuan and cut down the rate so dramatically in 2015, global stock markets were tumbling, and FX markets were in chaos.
US stock markets were in huge rally today with NVIDIA’s sole play. NVIDIA’s numbers are explaining everything how big AI relate industries are in the world.
DJ index was up 1.2%, S&P 500 index was up 2.1% and NASDAQ Index was up 2.9% today.
No need to add any comment about today’s market. NVIDIA ripped the market today. Stock price was up 16.4% today.
