TalkingTrading

This week’s episode of Talking Trading features a panel of experts on the panic in the Chinese market and the repercussions for Australian traders. China expert Daryl Guppy takes us through the mechanical problems of the Chinese market and how this resulted in the large sell off. He further discusses Australia’s future in the Asia Pacific Region. We also hear Jonathan Barratt’s thoughts on China and the price of iron ore. And finally Chris Tate in his usual style tells us we are one short of the three stooges running amok in the world financial markets. Daryl Guppy – CEO of Guppy TradersChina Expert Daryl Guppy lays out 4 mechanical causes of China’s panic:1)Stocks can only move 10% per day then they get locked limit up or limit down2) You cannot go short on the Chinese stock exchange3) Suspension of stocks from trading which means if you have an open position you cannot get out of it4) Trading is only for 4 hours per day.What is happening in the Shanghai Stock market in not related to the underlying economy.