china plunge

Great fall of China: Shanghai and Tokyo markets plummet for a second day

Markets have plummeted in Asian markets for a second day as China’s slowing economy continues to tear through financial markets around the world.

The sell-off – which was mirrored across Asia, Europe and the United States – came after the Chinese stock market plunged 8.5 per cent on what was named as ‘The Great Fall Of China’. Analysts described ‘a day of massive panic’ on global markets.

This morning, Shanghai stocks tumbled a further 6.41 per cent in early trading, while Tokyo shares also fell 4.13 per cent.

  • Clausewitz

    Looks like the world has caught onto the fact that if you keep buying shit products produced by a slave work force, you really don’t save any money in the end. Used to buy American made tools at Walmart, but not since they started only carrying crap Chinese poorly made pieces of shit.

    • debrasandersonss

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    • Maurixio Garciasanchez

      90% of products in the market are made in China .

    • mauser 98

      i check out flea markets for wrenches sockets etc. if made here.. a little rust is ok…have found some neat stuff

      • Exile1981

        I have some amazing late 1800’s tools from swap meets and ebay
        They work wonderfully.

        • mauser 98

          1800’s …still here…still work

      • Clausewitz

        Never thought of that. Great idea. Thanks.

        • mauser 98

          found a real spear gun with spears ..50$..too much but what the heck

    • You and my dad should go bowling.

      He was doing some household repairs and has had to get replacement parts, ect. He was very dismayed over the wealth of Chinese-made crap. I try looking for some other things for him but little success.

      • Clausewitz

        I still like finding 1950’s era American made tools crafted with good American steel from Buffalo and Pittsburgh. Always keep my eye out for them when the wife is on a garage sale spree.

  • Maurixio Garciasanchez

    It will be a good idea that all the corporations that move to China return back again and create jobs over here