by Yoo Seungki
SEOUL Oscar Hiljemark VM 2018 Tröja , July 29 (Xinhua) -- A recent stock market meltdown in China had wiped out about a third of market valuation in less than a month, but fast government reaction to the fluctuations rapidly stabilized the market, researchers here have said.
"Recent turmoil should be seen as a sharp fluctuation rather than a sharp decline because Chinese stocks remain in a positive territory given the 12-month stock moves though the market plunged temporarily," said Jee Mansoo, a research fellow at Korea Institute of Finance (KIF) in Seoul.
The volatility would have a limited impact on the world's second-largest economy as it was a one-off fluctuation, Jee added. China's second-quarter GDP expanded 7 percent on a yearly basis.
China's benchmark Shanghai Composite Index tumbled more than 30 percent to 3 Filip Helander VM 2018 Tröja ,373.54 on July 9 after peaking to 5,178.19 on June 12. After swinging between gains and losses, the market rapidly got back to a stable track on the back of government support measures, to close at 4,070.91 on Friday.
The Shanghai index plunged 8.5 percent to settle at 3,725.56 Monday Alexander Fransson VM 2018 Tröja , but it could be within an extended range of recent corrections. "There's no one who cast doubts on the long-term growth of the Chinese economy. Capital power of Chinese investors gets stronger, and many investors are looking at the long-term growth potential," said Kwak Joong-bo, former stock analyst at Samsung Securities who became a professional investor two years ago.
At its peak on June 12, the domestic A-share market's total capitalization came to 29.1 trillion yuan (4.76 trillion U.S. dollars), about 80 percent of which were held by individual investors.
"It's good for stock investors to have the government on their side Karl-Johan Johnsson VM 2018 Tröja ," said Han Jae-jin, a senior research fellow at Hyundai Research Institute in Seoul.
Chinese authorities had rolled out several measures to stabilize the market, preventing the stock market rout from spilling over to the overall financial system. It included pouring in funds backed by the central bank, easing rules for insurers to invest in blue-chips and asking major securities brokers to spend billions of dollars on stock purchase.
Risky leveraged positions in China's stock market fell sharply after the government action, reducing margin debts by 37 percent to 1.4 trillion yuan (229 billion U.S. dollars), or 7.1 percent of total market capitalization John Guidetti VM 2018 Tröja , according to a July 13 Goldman Sachs report.
"Government measures prevented the risky leveraged investment. If it were not blocked right away, it must have caused a bigger debacle," said Han.
The stock market rout would become a great opportunity for China if the government seeks to systematize and regularize stabilization measures, Han said. Such regularized emergency plans, which can be drawn up by Chinese regulators and agencies each, would enhance market soundness and raise confidence among investors Emil Forsberg VM 2018 Tröja , he noted.
"It's better for stock investors to have the government seeking to prepare regular safety tools against emergency situations like the recent plunge," said the researcher.
MANILA, March 12 (Xinhua) -- The all-out war launched by the Philippine military against the Bangsamoro Islamic Freedom Fighters (BIFF) would not affect the Mindanao peace process, according to a top Philippine government official.
The massive military offensive that started Feb. 11 against the renegade Muslim rebels in the province of Maguindanao in Mindanao, some 1,800 km south of Manila Marcus Berg VM 2018 Tröja , has already resulted in the death of 73 BIFF fighters and four government troopers.
Presidential Adviser on the Peace Process Teresita Deles said the government is confident that the military action against the BIFF would not derail the peace negotiations with the Moro Islamic Liberation Front (MILF), the mainstream rebel group that has signed a peace accord with the government last year.
The BIFF is led by former MILF commander Umbra Kato who decided to split from the MILF after the latter signed a peace pact with the government. The BIFF wants to establish an Islamic state in Mindanao while the MILF opted to have a sub-state called Bangsamoro with semi-sovereign powers but still within the ambit of the Philippine government.
According to Deles, the military has assured them that the offensive against the BIFF is "very targeted" and would not include MILF-controlled areas.
The military operation against the BIFF is centered on the Liguasan Marsh in Maguindanao where Basit Usman, the Filipino deputy of Malaysian-born terrorist Zulkifli bin Hir, also known as "Marwan," is believed to be hiding.
Marwan Gustav Svensson VM 2018 Tröja , an expert on bomb making, was killed in the bloody encounter on Jan. 25 in Mamasapano, Maguindanao, but Usman was able to escape.
The encounter also resulted in the death of 44 members of the elite Special Action Force (SAF) of the Philippine National Police (PNP), 18 rebels and five civilians.
On Sunday, the Philippine military said that among the killed BIFF guerrillas was a foreign-looking combatant whose identity has not been established.
Gregorio Pio Catapang Jr. Sebastian Larsson VM 2018 Tröja , chief of staff of the Armed Forces of the Philippines (AFP), said they have information that four foreign terrorists were being coddled by Mohammad Ali Tambako, a former leader of the BIFF who formed his own splinter group called Islamic Justice Movement (IJM).
Other reports said four Indonesians and one Pakistani terrorist are still being coddled by the BIFF.
The government-led Committee on the Cessation of Hostilities has reported a series of incidents attributed to the BIFF aimed at sabotaging the peace process.
In July last year, a total of 10 violent incidents attributed to the BIFF took place in Maguindanao and North Cotabato. In August, violent incidents reportedly instigated by the BIFF rose to 17 and took place in Maguindanao, North Cotabato Niklas Hult VM 2018 Tröja , and the boundaries of. Wholesale Soccer Jerseys China Wholesale Shirts Wholesale Hoodies Wholesale Hoodies Wholesale Soccer Jerseys Wholesale NFL Jerseys Wholesale Hats Wholesale NBA Hoodies Wholesale NHL Hats Wholesale NCAA Hats