Investors have been dumping Chinese stocks at an unprecedented pace, exiting the world’s second largest economy despite efforts by Beijing to juice growth by borrowing more to fund extra spending.
In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next.
The Israel-Hamas war is likely to hurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund (IMF) managing director Kristalina Georgieva said Wednesday.