The collapse in Chinese equities spilling over into other assets

china stock market

The Shanghai Composite is now down 31% from its mid-June peak, with Shenzhen down 40%. Stocks fell despite a host of measures announced by authorities, such as stock purchases by state-owned funds and looser restrictions on margin lending. The collapse is spilling over into other assets, with USDCNH 12m forward points surging almost 250pts over the past 24 hours.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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