It is a shame because the picture online portrays a different image. All in all, I was not happy with the flowers either as they were drooping and did not look vibrant or fresh and the wrapping either. I could not sight anyone else's bouquet of flowers with such a heavy load at the end. That was very awkward carrying it and my daughter holding it during the whole ceremony. Also, just a suggestion to you all, when we received the flowers it had a bag of beads full of water at the end. Which I do not think is very professional. After waiting for 10 mins, the lady who attended to us, went to the Delivery van and brought out a bouquet which I suppose had someone else's name, removed the envelope and gave it to us. I had ESPECIALLY REQUESTED that the flowers be ready as it was a bit of a rush for me, to which the lady had replied "No problem you can pick them up anytime 8 am and onwards. The flowers were not there for me, the lady who attended to us asked the other ladies, no one knew and I was already running late as I had to catch the train to the city. However, when I arrived on Monday 21/3 to pick up the flowers and please note I was running late and I arrived at 9:00 am. It was my daughter's Uni graduation and I had requested on Sat when I had come in personally that the flowers need to be ready by 8 am as I had to be in the city by 10 am for the ceremony. I was not very happy with the presentation of the flowers as well as them not being on time as requested. This was my first experience with purchasing flowers from your Company. ($1 = 6.Good Afternoon Team, just my feedback. “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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