Everyone's Asking Their Broker Today: "Why Are My China Stocks Getting Killed?"

broker

Chinese stocks are getting killed.

Why?

Goldman put out the following desk note specifically in response to the flood of questions coming from investors.

1) Concerns about Chinese PMI and possible slowdown of Chinese economy.

2) Merrill note yday discussing possible slowdown in China.

3) Market selling things that worked in the past – Gold, NFLX, etc.

4) Ongoing corp governance issues.

5) Qtr end might cause wholesale selling of anything Chinese due to uncertainty of “growth issue” in China.

6) Sector is broken and market is in attack mode. Desk has seen shorts being layed out.

Here are some of the stocks getting killed right now:

Sina (SINA): -10.34%

Sohu (SOHU): -9.89%

Baidu (BIDU): -9.89%

Click here to see more on why people are freaking out >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.