Shanghai Cliff Diving - InvestingChannel

Shanghai Cliff Diving

Note: The polls in Greece close at noon ET, and early results might be available around 2:30 PM ET.

The WSJ has a running discussion: Greek Referendum — Live

Paul Krugman wrote this morning: Meanwhile In China

I am, of course, anxiously awaiting the results of Greferendum, although the next few days in Greece will be terrible whoever wins. But we shouldn’t lose sight of other risks facing the world. … in the past month, mainly in the past few days, the Shanghai stock index has fallen almost 30 percent.

This graph shows the Shanghai SSE Composite Index and the S&P 500 (in blue).

Shanghai CompositeClick on graph for larger image.

The SSE Composite index is at 3,686.92, down almost 6% on Friday, and down close to 30% from the recent peak.

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