China Frantically Shuts Down Stock Market to Prevent Coronavirus Selloff

China Frantically Shuts Down Stock Market to Prevent Coronavirus Selloff
6 Comments

China’s financial markets will remain shuttered until at least Feb. 3 due to coronavirus fears, according to separate announcements from the Shanghai and Shenzhen exchanges.

The move comes as the Wuhan coronavirus outbreak grows in size and severity with many fearing it may lead to a global recession.

The Chinese government may be trying to delay panic selling until it can get the massive outbreak under control. But this strategy is unlikely to work because of the sheer impact the virus is already having on the nation’s economy. Investors can expect to see a large correction in the Chinese indices when (and if) trading resumes next Monday.

The impact of this crisis is sure to bleed into American markets and may trigger a stock market correction.

In response to the crisis, China has decided to extend the Lunar New Year break on trading by four days. This looks to be an attempt to prevent panic selling due to the outbreak. However, the Feb. 3rd date for a resumption of trading may be delayed because Shanghai authorities have separately advised companies not to resume work until at least Feb. 9th.

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  • This commment is unpublished.
    Bonnie Harvey · 20 days ago
    Remember Deagel Report which stated that US population would diminish by 100 million by 2025? Looks as if the plan is proceeding swimmingly. Here's the graph from deagel.com. The reader can barely detect the tiny bar for 2020 US population.
  • This commment is unpublished.
    Sedge Hammer · 20 days ago
    Here's a research paper that has yet to be peer reviewed and claims the virus will have little effect on the white race and probably the further away from Chinese ethnicity the less lethal also. It claims that the Chinese male especially is 5x more likely to be effected by the 2019-nCov. Take it for what it's worth.....

    https://www.biorxiv.org/content/10.1101/2020.01.26.919985v1.full
  • This commment is unpublished.
    Thomas N. Kuss II · 20 days ago
    Whatdoesitmean.com Reports: Critical to note for the Human Holobiont about the measles morbillivirus, though, this report concludes, is its being a single-stranded, negative-sense, enveloped, non-segmented RNA virus—as compared to coronaviruses that are a positive-sense single-stranded RNA virus—which makes both of them members of the RNA Virus family—the very high mutations rate of which has proven to be a difficult problem in even classifying them—thus making it feasible that RNA strands of measles and coronaviruses have in the past, or have even now, combined themselves into a novel new disease such as 2019-nCoV is—an RNA viral disease now coming under intense global scientific examination from both the Medical Philosophy and Religious Psychopathology communities because of the “religious symptoms” being displayed in infected Chinese children—but has Ministry doctor-scientists not discounting the possibility that a genuine Human Holobiont virus initiated “religious event” is now occurring—the architect of which is a Christian deity whose ancient prophets warned “For the wisdom of this world is foolishness with God…”—and if true, shines a new light on this past year’s hysteria in America to vaccinate all children against the measles virus—as one can rightly assume their socialist elites would be horrified if these children joined their Chinese counterparts and began kneeling down and crying out “Jesus Is Our Lord”, too. [My Note: Hal notes true death rate verses what they Report - My Point is this is a "BIBLICAL EVENT!"]
  • This commment is unpublished.
    Grim · 20 days ago
    Interestingly enough, reports are coming in, that at stores in areas of the country near US military bases, things like bottled water, masks, non-perishable food and other preparatory items are quickly disappearing. It looks like personnel and their families from the various bases are aware something is coming and are frantically preparing. Also, a lot of military personnel seem to be quietly shipping out to somewhere, but with no prior warning or schedule for deployment. This would seem to confirm what I heard earlier, that the Pentagon is now in crisis mode and is preparing for what's about to happen all over the country, once the virus begins spreading at a much faster rate soon.
    • This commment is unpublished.
      Sedge Hammer · 20 days ago
      We live near a large air base. Not happening here.
    • This commment is unpublished.
      Jane Duncan · 20 days ago
      Hi, was interested to read your comment...do you have any more links or info about military personnel shipping out?
      • This commment is unpublished.
        Grim · 20 days ago
        Infowars reported on it earlier, but I have been in contact with people I know on or near a few bases that have confirmed it. I don't know if is all bases, but it's definitely some.
    • This commment is unpublished.
      Joe Williams · 20 days ago
      Ya know something else, grim, it aggravates the hell out of me that our "wonderful" government knows how bad this is and WILL NOT warn the american people in the event of panic. Like Hal said last night on his show, that the govt should know that we are adults and we can take the warning. In my opinion, the govt doesnt want prople doing bank runs. I call BS.
      • This commment is unpublished.
        Grim · 20 days ago
        Politicians are for the most part, are sociopaths and psychopaths, who don't really understand or place any value on the human implications of what's about to happen. Instead, they are only concerned about the political and financial implications, because money and power are what they care about. Sadly most people in this country don't realize that their elected officials for the most part, have no sense of morality in them and some actually have no soul either.
  • This commment is unpublished.
    Grim · 20 days ago
    Hmm...I wonder how many hundreds of millions of created digital dollars the Fed will be pumping into the repo market tonight to offset this little piece of news?
  • This commment is unpublished.
    TSlinger · 20 days ago
    Now THIS is some interesting stuff!!!