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originally posted by: Power_Semi
originally posted by: Necrose
originally posted by: Power_Semi
originally posted by: Necrose
originally posted by: Power_Semi
originally posted by: johnb
It looks like China has closed its financial markets.
bloomberg link
from link
Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges.
This move comes as the Wuhan coronavirus outbreak grows in size and severity.
The government is kicking the can down the road. Investors can expect a massive correction when trading resumes next Monday.
China’s financial markets will remain shuttered until Feb. 3 due to coronavirus fears, according to separate announcements from the Shanghai and Shenzhen exchanges.
What that suggests to me is that a BIG bad news update is going to be released very soon, and they're shutting the markets to stop them being hammered into oblivion.
Watch the news carefully...
Stock exchanges in China (actually everywhere in the world) halt all operations when the market plunges 7%.
The "circuit-breaker" mechanism was implemented in 2016.
Trading resumes after a 15-minute break.
Level 2 is 13% = also a 15-min break.
Level 3 is 20% = trading resumes the next day
(Not sure if they got Level 2 and 3 in China)
It's not a 15 minute break, they've shut down til next Monday.
I know, I actually posted about it yesterday.... was just explaining what happens when the market plummets into oblivion. It can't just go down like 30% in an hour
Yes and as you pointed out the worst case scenario is to shut down until the next day - not the next week.
That is yet another unprecedented move, and it suggests that the powers that be know exactly how bad this really is, and what's going to become common knowledge over the next few days.
I wouldn't be surprised if they suspend trading beyong Monday.
originally posted by: BostonBill99
I think it will be anarchy no matter what. Paid or unpaid, society still needs services for basic needs; deliveries, banking, trash removal, etc. None of this is happening there because of the lock-down.
a reply to: Power_Semi
originally posted by: butcherguy
originally posted by: BostonBill99
I think it will be anarchy no matter what. Paid or unpaid, society still needs services for basic needs; deliveries, banking, trash removal, etc. None of this is happening there because of the lock-down.
a reply to: Power_Semi
It could be a powerful learning experience for the importance of self-reliance and proper preparation.
originally posted by: ShortBus
originally posted by: Kenzo
originally posted by: celltypespecific
This thread is exploding...information overload...
How can one keep track of the major highlights of this developing story....
I can't believe China accidentally deployed a Bio-Weapon.... this narrative is gaining ground and no longer a conspiracy!!!
Wireless technology/ cell towers and specially 5G IS WEAPON TECHNOLOGY.
Are Chinese killing their citizens with 5G , maybe the corona virus there is sensitive to EMF also
Look where the deaths are, all in communist China....
If no deaths outside China, there has to be major factor that is directly effecting.....Huawei 5G ?
5G is weapon, and combined ith new bug it may kill a lot in short time
Can we stop with the 5G stuff and leave that for another thread for those who care.
originally posted by: misfit312
The coronavirus patient in Germany has been identified as a 33-year-old German man who works in Starnberg, south of Munich. He had not been to China but was in a meeting with a Chinese national last week, who has since been identified with the coronavirus, Dr. Andreas Zapf, the head of the Bavarian State Office for Health and Food safety said Tuesday.
Zapf said at a news conference that the patient had attended a company meeting in Starnberg last week, where the training manager -- a female Chinese citizen -- was leading the meeting. The Chinese staff member is originally from Shanghai, but her parents had visited her there a few days prior to the meeting in Germany, Zapf said.
The Chinese citizen has since flown back to China. She felt ill on the flight back and tested positive for the coronavirus after her return to Shanghai. She notified the German office upon this discovery, Zapf said.
From CNN so wait--- she got it from her parents? And then passed it on to him? Think of all those people they came into contact with?!
originally posted by: Power_Semi
There's speculation it does, mainly coming from someone on 4chan who claims it's a bioweapon (flu symptoms first (flu to spread it)) then the delivery of the main viral payload to the brain and lungs.
They claimed this is why people have been on video just collapsing in the street - like a seizure.
The coronavirus patient in Germany has been identified as a 33-year-old German man who works in Starnberg, south of Munich. He had not been to China but was in a meeting with a Chinese national last week, who has since been identified with the coronavirus, Dr. Andreas Zapf, the head of the Bavarian State Office for Health and Food safety said Tuesday.
Zapf said at a news conference that the patient had attended a company meeting in Starnberg last week, where the training manager -- a female Chinese citizen -- was leading the meeting. The Chinese staff member is originally from Shanghai, but her parents had visited her there a few days prior to the meeting in Germany, Zapf said.
The Chinese citizen has since flown back to China. She felt ill on the flight back and tested positive for the coronavirus after her return to Shanghai. She notified the German office upon this discovery, Zapf said.
originally posted by: BoxerBrawler
a reply to: Agit8dChop
I don't buy this people falling dead on the floor thing. This is media trying to cause hysteria.