The Presidential Daily Brief


  1. A Chinese investor looks at the Shanghai Composite Index at a stock brokerage house in Fuyang city, east China's Anhui province, 15 June 2015.

    China’s Stock Market Drop Prompts More Action

    Was the life raft full of lead? Despite efforts to halt a weeks-long sell-off, the Shanghai Composite index sank in early trading, falling as much as 8 percent. According to Bloomberg, share suspensions overnight resulted in the freeze of $2.6 trillion in equity, leading to panic. Unorthodox central bank interventions — helping banks get cash to buy shares — buoyed trading back to just a 5.9 percent decline by early afternoon. But investors will now be watching American and European markets closely for further signs of instability.

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