Page 3 - Panic Selling News Today

Regulatory commission suspend its circuit breaker system which halts trading in order to ease panic selling. a 7% dropped triggered circuit breakers. they went into effect this monday. we have the same systems with trading halted for 15 minutes with the s&p dropping 7% and 13%. back in the u.s., here this morning, weekly jobless claims came in at 277,000, so this is a signal the labor markets remains on more solid footing, despite slower economic growth. investors watching for tomorrows job repo...

>> that fell to its lowest level in 77 months. >> to say it -- markets across asia trading lower. then it was shank high the following week where the real selling took place. >> asian markets suffering huge losses in mondays session. >> europe followed suit with the dax entering a bear market as panic selling intensified, and then its over to wall street. >> now were down 6%. 1,000 points here. incredibly rare to see a move that brisk. >> in the first few minutes the dow suffered its worst ever ...

On monday and tuesday. massive falls. panic selling. then on tuesday after the market closed, we started to see the government taking action. we saw cut interest rates and free up money to be pumped back into the economy. on thursday, we started to see a government buy. we cannot actually be sure because it is difficult to confirm these things. it fits the pattern we have seen before. markets finishing sharply higher. the government has explicitly directed the pension funds and insurance funds, ...

Fears about weakness in chinas economy sending investors around the world out of commodity prices and out of oil and into the safety of government bonds. i want to bring in andrew stevens in hong kong. andrew, the selloff continues unabated in asia. >> reporter: good morning, christine. unabated in china. shanghai down more than it was yesterday. 7.6% versus 7.5% yesterday. these are massive falls in anyones language. this is panic selling in china. they are mainly small investors and want to ge...

June wiping out trillions in value. now fears in chineses economy have sent stocks plunging. i want to bring in andrew stevens in hong kong. andrew, it looks as though selling frenzy has stopped in europe. u.s. indications are the dow will rise, but china still feeling a lot of pain. >> reporter: absolutely all of the pain. another 7.5% on top of the 8.5% yesterday. it is panic selling in china. people are getting out however they can. what is interesting, christine, theres been no apparent evid...

Now with this latest leg down, you get the impression in how the authorities are acting in that theyre not really reacting, you seem to think that theyre much more comfortable letting this market find a more natural base. i dont think they want to see the panic selling, because that sends the wrong headlines across the country, no matter how much they try to hide it, so it will probably be more of a managed, managed sort of movement down. the down remains very much the direction of the shanghai ...

Fluctuate 3,000 points. at one point it was down 1,089 points. now were only down 200. i say only 200, but at session highs it was five times as bad as what it was earlier. its an up believable move sparked by a lot of fear and the fear may be coming from whats going in china and whether or not their economy has slowed even more perhaps than the data has been showing us. we had a big loss on friday that continued over the weekend over in asia and europe and then when stolks opened today, that in...

It peaked in the middle of june. shanghai is down some 40% in the last ten weeks or so. weve seen the government coming in with various measures to try to take the steam out of the sell-off and slow things down. we didnt see it today. the government is very much or regulators very much on the sideline letting the markets do what they do. it was panic selling. remember, this market is characterized by the fact they are small retail investors involved and many have borrowed money to play the marke...

The fact of the day open with a panic selling and then there are those out there seeing it as an opportunity. >> youre seeing some really good companies such as apple, disney being beaten down for the last month and some people are saying im not going to be able to buy this stock this cheap. so bargain hunters are out there. you know, youre seeing word on wall street, looking, looking for the lows, looking to buy the dip. nobody ever knows exactly when the opportunity is right but again when tha...

We continue to keep a close eye on wall street. you see now the dow is down 470 points, but it actually is recovered after plunging almost 1100 points at opening bell amid panic selling. all of this started last week, as you must recall, by fears that the slowing economy in china could spill over globally. well continue to follow the latest, obviously, from wall street. but to politics now and vice president joe bidens weekly lunch meeting with president obama is about an hour from now and it ta...