atans1

Playing the market, the Chinese way

In China on 30/07/2015 at 1:06 pm

Shanghai stock board

Where Green is Red.

Green is bad news: prices are falling. Red means prices are rising

http://www.bbc.com/news/business-33464903

And thaz not all. Analysis by NYT Dealbook

CHINESE INVESTORS QUESTION THEIR MATERIAL WORLD Cheered on by relatives, co-workers and rapturous headlines in the state-run news media, ordinary investors in China have helped stoke a remarkable rally over the last year, Javier C. Hernández reports in DealBook. With easy access to loans for trading, individual investors opened more than 38 million stock accounts in the second quarter, compared with nine million in all of 2014.

China’s saving rate may be among the highest in the world, but many Chinese also believe passionately in the power of luck. The intense interest in the stock market partly grew out of widespread social gambling. Many investors entered the market with lofty dreams of an exotic vacation or a new home.

The recent volatility in stock markets has unsettled these investors as they grapple not just with the financial toll, but also the loss of the emotional rush, especially as some saw the stock market as a way to define their worth. It seems in some cases, the people doing well out of the wild market movements are counselors and doctors helping sufferers of gupiao jiaolü zheng, or “stock market anxiety syndrome,” Mr. Hernández and Vanessa Piao report in the Sinosphere blog.

One psychologist notes that counseling sessions for couples had turned remarkably civil as husbands and wives found a common enemy in the market.

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