How does one say ‘oh oh’ in Chinese?


Shanghai stocks dropped 4.3% Wednesday, leading a broad Asian decline for the second time this week, amid concerns over further tightening in credit conditions and a lack of market-supportive measures from Beijing.

Chinese resource companies posted some of the biggest losses, particularly copper producers, tracking a decline in metals prices and pointing to uncertainty surrounding the Chinese economy.

via WSJ

The recent rise in the Chinese stockmarket has been largely fueled by commodity speculation, if there are problems with the value of these commodities then it doesn’t take a genius to see problems on the horizon…

“Unless you’re a day trader, why would you want to hold stocks in view of lingering uncertainties over Chinese stock markets?” said Yuanta Securities head of sales trading Riga Saito.

via FXStreet


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