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Transcripts For ALJAZAM News 20240622

Plus. Im in kuala lumpur where an ancient river is getting a new leash on life. Fears of a slow down in the worlds second biggest economy china are continuing to spook markets across the globe and shares plunged across asia and europe and currency is also falling. Chinas shanghai complex went down 8 wiping out the entire gains for the year and its the biggest oneday fall in years and beijing deployed the billion dollar fund to pump up the market with 400 billion of assets to buy stocks failed to stop the decline, from malaysia to brazil oil and commonty exporting nations have seen their currencies hit multiyear lows and as chinas economy slows its not importing the Raw Materials to power its factories and sent the bloomberg Commodity Index to its lowest level since 1998 and neglect in crude sent Oil Prices Tumbling to 44. 55 a barrel, the lowest since march of 2009 and more from adrian brown in beijing. Reporter the share shell off began within minutes of the Shanghai Stock Exchange op

Transcripts For ALJAZAM News 20240622

Fight corruption. Hello, stock markets around the world are sliding following a big sell off across asia and european markets are all now trading in the red, london has fallen below the 6,000 mark wiping more than 46 billion off the value and began in china, the worlds second largest economy and stocks plunging to an eightyear low and adrian brown has more from beijing. Reporter sell off began in minutes of the Stock Exchange opening and at one point it fell 9 and recovering only slightly. Some of chinas Biggest Companies and the worlds biggest are listed here. On monday the government announced a new and risky intervention to try and prop up the market by using billions of dollars from the state pension fund but it failed to stop the slide. Translator how can the markets drop everyday like this . One, two, three, four, five. The market dropped for five days and it never rose back. Reporter many borrowed to buy shares and are now being forced to sell those shares to pay back the loans.

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