China stock market is not promising - Chinese stock exchange advisors

Chinese market exchange. PHOTO | BBC

After a great Wednesday, China stocks exchange in great fear of their currency to become unstable next week.  USD CHF currency hit a major blow after the decline due to the major scale in the US as the US blocks imports from China.


The main US share indexes closed 3% lower overnight, but the benchmark Dow Jones closed higher on Friday. This was notwithstanding a warning from China that it would take new countermeasures against US trade tariffs.



However, the picture was more mixed in Europe, with London's FTSE 100 ending more than 2% down. There was a financial depression on European, US and Asian markets on Wednesday, after weak data from Germany and grim signs in bond markets raised fears of a global slowdown.


The Chinese government has assured its exporters that a new market is on the way despite the US withdrawal. "Africa has strong ties and it might be the only remaining major market for China," said a London stock advisor Tom Kien