View full page at forexfactory.com

 

"Economics Works In Mysterious Ways": Is China's Wealth Effect Being Substituted?

From zerohedge.com

The new year in China kicked off with turmoil on China’s stock markets. Amongst others, the decision of the court in Hong Kong to liquidate real estate giant Evergrande further undermined investors’ confidence in China’s stock market. A market that already had been battered during the last three years due to ongoing worries about China’s economic prospects, regulatory crackdowns, a changing geopolitical landscape and a real estate sector in crisis. While China’s stock markets have pared some of the most recent losses due to (expectations of) increased government support, investor sentiment will likely remain fragile ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis