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View Full Version : Mysterious Chinese stock decline on today's market after hours


WhiteLove
22nd April 2016, 21:32
Today when the markets closed the Chinese stock Baidu (traded on Nasdaq) declined sharply by ~ -11% during a period of 25 minutes in the after hours trading. I have tried to find news explaining this sudden ~ 7 bUSD drop in market value, but have not been able to connect it to anything, maybe you have found the reason?

33340

http://www.google.com/finance?q=bidu&hl=en&ei=15MaV_m2NNSDsgHm3biYAQ

Yahoo finance is reporting the same... There must be tons of traders out there owning stocks in Baidu and wonder what just happened...
Ioneo
23rd April 2016, 00:21
Another orchestrated slap down?
Nasu
23rd April 2016, 01:13
Seems like something to be concerned about. 7 billion dollar drop, after the market closed, on a Friday... Interesting times... N
sigma6
23rd April 2016, 01:24
Chinese economy is a bubble that has to burst and they are in denial... like all stock exchanges and governments do every time... it's denial... this is just a leakage of reality coming through... nothing surprising at all, exactly what I have been saying in other posts... looks like it's going to happen sooner than later...
WhiteLove
23rd April 2016, 11:07
I just noticed it had bottomed out at 159.866 in the extended hours trading and then bounced back to 170...

This could be indicative of a turning point on the markets. It is interesting to watch Dow Jones, Nasdaq, Shanghai, Gold all turning down now, that could spark a surge downwards...
mgray
23rd April 2016, 11:25
Has all the earmarks of a "fat finger" trade, where a seller put in too many zeros on the trade. Trade was dis allowed and stock rebounds.
sigma6
24th April 2016, 15:47
it's true markets have been surging up lately... it still fits into the context of a bear market bounce... there's just a giant wave of fundamentals that can't be ignored... mainly baby boomers retiring in Western countries... and all that implies demographically, economically...
WhiteLove
24th April 2016, 20:24
it's true markets have been surging up lately... it still fits into the context of a bear market bounce... there's just a giant wave of fundamentals that can't be ignored... mainly baby boomers retiring in Western countries... and all that implies demographically, economically...

Yes, right now I am bearish, mostly due to the Shanghai Stock Exchange that has lost its bullish momentum. I am going to trade on the surge downwards which is quite tricky...