What China Has to Look Forward to When it Opens in a Few Hours
from Zero Hedge
It’s all up to China tonight, and if early ETF indications are correct, today’s US equity bloodbath is about to spill over right back into Chinese markets again, only this time without the benefit of circuit breakers making it an early close for local traders if they manage to push the market down 7% in 29 minutes.
Moments ago, on Bloomberg TV, Bill Gross said China’s stock markets are likely to drop 5-6% on Friday: “Based upon the ETF in the United States, China is predicted to be down 5 percent or 6 percent…but China is an artificial market. All global markets are artificially based and to the extent that we have a catharsis, I think, depends upon central banks basically giving up in terms of what they do. I don’t think that’s going to happen.”
Continue Reading at ZeroHedge.com…
Source: http://financialsurvivalnetwork.com/2016/01/what-china-has-to-look-forward-to-when-it-opens-in-a-few-hours/?utm_source=rss&utm_medium=rss&utm_campaign=what-china-has-to-look-forward-to-when-it-opens-in-a-few-hours
