![]() ![]() von Liebig Research Fellowship in Vascular Surgery (T-35), Harvard Medical SchoolĢ011 Society for Vascular Surgery, Annual Meeting Travel Scholarship (Medical Student)Ģ012 Los Angeles Surgical Society, Resident Research AwardĢ015 UC Irvine/CHOC- Pediatric Surgical Resident of the Year (PGY-3)Ģ016 Vascular and Endovascular Surgery Society- Fellows Program ScholarshipĢ016 Society for Clinical Vascular Surgery- Resident/Fellow Travel ScholarshipĢ016 UC Irvine School of Medicine Admissions Committee- Shining Star AwardĢ017 Western Vascular Society Robert Hye Award for Best Trainee Presentation- 2nd PlaceĢ017 UC Irvine ‘Surgery Chief of Year’ for Teaching on the Trauma Service, awarded by the UCI Emergency Medicine DepartmentĢ019ĝelaware Valley Vascular Society- Case Report/Clinical Presentation AwardĢ022 Leonard Tow Humanism in Medicine Faculty Award, Arnold P. Hauser Memorial Trust Medical Scholarship, UC IrvineĢ008-12 University of California Regents Scholarship, UC Irvine School of MedicineĢ009 William J. Gamble Memorial Scholarship, Stanford UniversityĢ008 Graduation with Honors in Human Biology, Stanford UniversityĢ008 Roger G. “If the stock market suddenly reverses and investors default on their margin debts, the contagion effect will be much greater than in previous cycles, since the banking system is now more exposed to the brokerage industry,” wrote Chen Long of Gavekal Dragonomics in a research note. While there was no information on how much money was drained, and money traders warned the adjustment could be minor, any suggestion of a squeeze was seen as negative for stocks.Īnalysts warned of the risk of volatility intensifying. The central bank’s move to mop up excess liquidity in the interbank market was a contributory factor in the sell off. “Many investors have become very cautious and are looking for a reason to take the profits they have already earned,” he said. In Hong Kong, the Hang Seng Index closed 2.2 percent down, and the China Enterprises Index lost 3.5 percent, and some some major mainland shares were trading at a discount to their Hong Kong counterparts.Ĭhina’s stock market has surged over 140 percent over the past 12 months despite a flagging economy, as retail investors, including university students, barbers and janitors piled into the world’s best performing market, though economists have warned that, based on economic fundamentals, the rally was unjustified.īut he added that many investors were already looking for a reason to sell, and the changes to margin financing sparked the stampede. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan ($193.57 billion), an all time record high, on the selloff. In terms of points shed, the two indexes suffered their heaviest single day loss since 2008. The CSI300 index and the Shanghai Composite Index both slumped in late afternoon trade, ending down 6.7 percent and 6.5 percent, respectively, their worst day since January 19 when markets fell over 7 percent on an earlier crackdown on margin trading. SHANGHAI, May 28 (Reuters) - China’s stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. ![]()
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