Here is the latest reporting from Reuters on the opening of the stock markets in China, where it is already Monday 6 July 2015: "Chinese stocks jump after Beijing unleashes emergency support"
The article notes, "Oliver Barron, China policy research analyst at NSBO, said it wasn't just faith in the markets at stake.
"'After the market continued to fall despite myriad support measures, the government reached peak panic mode and must have worried that investors would not only lose confidence in the markets, but in the government itself,' he said." This is the new issue in China, that now any weakening in the market is seen as a vote of no confidence in the central government. We'll see how the next week or so of trading goes.
http://www.reuters.com/article/2015/07/06/us-china-markets-i...
The article notes, "Oliver Barron, China policy research analyst at NSBO, said it wasn't just faith in the markets at stake.
"'After the market continued to fall despite myriad support measures, the government reached peak panic mode and must have worried that investors would not only lose confidence in the markets, but in the government itself,' he said." This is the new issue in China, that now any weakening in the market is seen as a vote of no confidence in the central government. We'll see how the next week or so of trading goes.