May
10
During One Hour Every Day, China’s Stock Rally Falls Apart
By
It’s the most dangerous hour in the Chinese stock market — when the world’s biggest boom suddenly goes bust.
The time is 1:20 to 2:20 p.m., and its losses stand out in a rally that added 545 points, or 15 percent, to the Shanghai Composite Index over the past 30 days.
In that hour alone, the equity gauge dropped 359 points. It fell in 19 of 30 sessions, the most consistent declines among rolling one-hour periods when the Shanghai bourse was open for trading…
During One Hour Every Day, China’s Stock Rally Falls Apart
