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Stockmarkets bounced yesterday after the Fed raised interest rates and hopes of peace in Ukraine rose. But more relevant was what happened in China. John Stepek explains why.
Investor confidence in Hong Kong is dwindling as the government loses its grip on an escalating outbreak of the Omicron variant of SARS-CoV-2. Bearish bets against Hong Kong’s shares have climbed to records and the benchmark Hang Seng Index is near a two-year low. Residents are converting the local currency into China’s yuan at the fastest pace in more than a decade, while the Hong Kong dollar is moving toward the weak end of its trading band against the greenback. Even the territory’s typically resilient property market is showing cracks, with a gauge of home prices falling to an 11-m...
Chinese stockmarkets had a terrible 2021, but with China's central bank easing monetary policy, 2022 could be much better.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Financial turmoil risks overshadowing the Winter Olympics — already the target of a US-led diplomatic boycott — and impending leadership reshuffle