China Devalues Again, Markets in a Tizzy
by Sheraz Mian
Financial Sense
Another day, another China-centric market sell-off, with the US indexes on track to open deeply in the red following losses all over the world. To say that markets have been volatile in the New Year would be an understatement.
One recurring theme of market activity in the New Year has been the renewal of China fears, which in some cases are even more pronounced than was the case last Summer. Growth concerns about China are nothing new—they have been with us for almost three years now. What is new is the market’s fixation about developments in the Chinese stock market. We saw this for the first time in a notable way last Summer and we are seeing that all over again this week.
Continue Reading at FinancialSense.com…
Source: http://financialsurvivalnetwork.com/2016/01/china-devalues-again-markets-in-a-tizzy/?utm_source=rss&utm_medium=rss&utm_campaign=china-devalues-again-markets-in-a-tizzy
