As dodgy as our own stock markets are, it is unfathomable that anyone would invest in foreign stock markets.
China will have to get ahead of this by bailing out Billions in cash.
They will do so by going into debt, or sell more US securities or a combination of both (most likely since China doesn’t have the same credit a Western nation has).
Someone did a nekkid short to destroy the company and enrich themselves at the same time?
You won’t find any “Common Prosperity” campaign in the UK or USA.
Our markets won’t suffer from political meddling.
Phase II of the great reset.
“The crash came as Hong Kong’s property gauge plunged the most since May 2020 amid growing investor angst about China’s real estate crackdown and worries that Beijing may tighten grip on the city’s property sector in its “Common Prosperity” campaign.”
It’s like Trump recently said. “Everything the Left touches turns to shit”
What is the CalPERS exposure in China?
I have to admit, seeing a huge Chinese domino fall would be a major relief in many ways. Lots of countries would breathe easier.
Stocks are way down these past few weeks.
China again involved.
87% down. Hmm...that’s...that’s not good, is it?