Tightening in the money markets as China seeks to reduce leverage saw the bond market sell off at the end of last year. Now it’s equities’ turn. After barely moving for most of March as traders chased gains in Hong Kong, mainland-traded shares have slumped this week as a regulatory crackdown spooks investors. The ChiNext small-cap index, seen as a barometer for Chinese stock-market sentiment, has fallen to near a 19-month low.
“For now, it pays to stay cautious -- I don’t think the bearish trend will stop here,” Hong said. “We’re going to see the destruction of trades that rely on very high leverage.”
赖清德即将就任 宣布国安外交人事安排
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民进党籍的台湾候任总统赖清德将于今年5月20日宣誓正式就职。4月25日赖清德召开记者会,公布新内阁人事,也是最 […]...
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