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Collapse of China's Financial Market [re-titled]
#12

Collapse of China's Financial Market [re-titled]

http://www.thefederalistpapers.org/us/so...-right-now

Quote:Quote:

The New York Stock Exchange was down due to technical issues as was United Airlines and the Wall Street Journal at one point today. China has been having ongoing issues with their own stock market as well.

From Boston Business Journal:

The New York Stock Exchange halted trading in all securities due to “technical issues,” according to Bloomberg.

The halt took effect at 11:32 a.m., Bloomberg reported.


“We’re experiencing a technical issue that we’re working to resolve as quickly as possible,” the NYSE tweeted. “We’re doing our utmost to produce a swift resolution & will be providing further updates as soon as we can.”

The Nasdaq stock exchange was operating normally.

United Airlines issue:

United Airline flights across the U.S. — including at Boston’s Logan Airport — this morning are running hours behind schedule after a computer glitch grounded flights around the world.

China is also experiencing issues but most likely self-induced.

From CNN Money:

At least 1,430 of the 2,800 companies traded in China have elected to pull their shares as markets continue their crazy roller-coaster ride, according to state media.

The number keeps ticking upward — on Wednesday morning alone, hundreds of firms announced a halt in trading, according to a review of stock exchange filings.

Companies — particularly small and medium-sized firms — are clearly nervous about taking a nasty hit due to recent market fluctuations.

China has been experiencing ongoing issues. United is now back up and are just running behind.

At one point even the Wall Street Journal was down but that’s probably because so many people were trying to find out what was going on with the NYSE.


Then there is this from Zero Hedge on what cyber war looks like in:

After a series of cyber failures involving first UAL, then this website, then the NYSE which is still halted, then the WSJ, some have suggested that this could be a concerted cyber attack (perhaps by retaliatory China unhappy its stocks are plunging) focusing on the US. So we decided to look at a real-time cyber attack map courtesy of Norsecorp which provides real time visibility into global cyber attacks.

What clearly stands out is that for some reason Chinese DDOS attacks/hackers seem to be focusing on St. Louis this morning.

[Image: norse-big_2_0.jpg]
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