/biz/ - Business & Finance

>Jardine Matheson - the $45 billion market cap multinational enterprise with a portfolio of businesses
focused on the Asia-Pacific region - is now down 9% after plunging as much as 83%, the most in data going back to 1990.

>Three traders said the price action suggested a fat finger...but the step down function of the bid-offer suggests this was algos run wild...

>SGX didn’t immediately respond to requests for comment

>Jardine Matheson Holdings activities include financial services, supermarkets, consumer marketing, engineering and construction, automobile trading, insurance broking, property investment, and hotels.

>Notably, it was just last week that a series of Chinese property developer stocks crashed 80-90% instantly. Are the Asian stock exchanges running of liquidity fumes?

https://www.zerohedge.com/news/2019-01-23/45-billion-asian-conglomerate-loses-83-market-cap-another-exchange-glitch

So, um, WTF is going on in China?