Heading into MSCI's 2015 decision on A
shares, high expectations of inclusion helped drive the Shanghai composite to more than seven - year highs, before the
index crashed more than 40 percent that summer.
So although panic selling can disrupt the order book, especially during periods of illiquidity, with the current structure «the stock market» being based off of three composite
indexes, can never
crash, because there will always exist a company that is not exposed to broad market fluctuations and will be performing better by fundamentals and
share price.