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Chinese investors nervous as stocks plummet

Wednesday, August 26, 2015 - 00:56

Chinese stocks continue to fall as investors fear interest rate cuts will not be able to stabilise its slowing economy. Yiming Woo reports.

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Chinese investors watch volatile stock prices that dropped 20 percent in the past few days. Markets ended up in the red again on Wednesday. China's slowing economy and plummeting shares have triggered interest rate cuts by the central bank. But it hasn't helped to stabilise the markets, and many investors are upset. (SOUNDBITE) (Mandarin) 65-YEAR-OLD INVESTOR, SURNAMED XU, SAYING: "What are my thoughts? I'm pretty angry at the market. I also feel heart-broken. I feel both angry and heart-broken. After all, it's my hard-earned money." Some Shanghai residents fear this will have a knock-on effect on an economy that's on a slowdown. (SOUNDBITE) (Mandarin) 26 YEAR-OLD FINANCIAL WORKER AND STOCK INVESTOR, ZHU QIANGHUI, SAYING: "The stocks have run out of money, no one is in the mood to buy anything. The impact of this should be quite big." Concerns about the world's number two economy have sent stocks plummeting in the U.S. and Europe.

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Chinese investors nervous as stocks plummet

Wednesday, August 26, 2015 - 00:56