Shanghai, Shenzhen indices fall ahead of Chinese finance minister's press briefing

Investors are looking ahead to a media conference by China's finance minister on Oct 12, amid speculation the government may roll out a massive spending plan to add to a raft of measures unveiled last month. Mainland markets have tanked, with uncertainty over what may be announced. CNA's Tan Si Hui reports.

[@aletheia6672]

Social media influencers predicting a bull run encouraged a huge number of newbie speculators to enter the market, who ended up as bag holders for companies who are cashing out. That is a major reason why the Shanghai and Shenzhen indices tanked so quickly after an initial rally on 8th Oct.

[@avatarairbinder6157]

@@aletheia6672 Its a China trick to lure and rob foreign investor by selling cheap stock but sad to say foreign buyer didnt take the bait and ended up to its citizen..🤣🤣

[@avatarairbinder6157]

China ask its citizen to invest in stock with promise higher stock market value days later china stock crash 😂😂😂it seems CCP rob its own citizen😂😂😂

[@sychoxxxx]

Really?

[@avatarairbinder6157]

@@sychoxxxx Its China trick to lure and rob foreign investor by selling cheap stock but sad to say foreign buyer didnt take the bait and ended it up to its own citizen bacfired..🤣🤣

[@orangeblue3531]

No it was hedge funds dumping the stock. Then everyone joined in to panic sell.

[@Jaredbuncher]

Up 30% adjusts 4% and people are crying. What is this?

[@Mari_Selalu_Berbuat_Kebaikan]

Let's always do alot of good ❤
Nam myoho renge kyo

[@user-gw9yx2wx5g]

I bought millions worth in shares IMD. Let's see who is right. When there are chickens, wolf is always ready.

[@ArabicReja973]

China's 🇨🇳 barrage of stimulus won't address its structural issues:
- property bust,
- deflation threat, or
- long-term demographic problem.
It may only help short-term goals.

[@orangeblue3531]

Agreed. add to the list: low consumer spending and youth unemployment