Washingtonpost – You can only defy financial gravity for so long. At some point, what went up for no reason must come down for a very good one, no matter what the government does to try to keep it aloft.
Which is to say that it was another disastrous day for Chinese stocks. On the plus side, though, it was a short one. Indeed, China’s market was only open for 14 minutes on Thursday before it fell the maximum 7 percent it’s allowed to in a single session. It’s the second time that’s happened this week, enough to erase almost all its gains since the summer.
