China Stocks Suspension Affects Markets

Stocks www.purnartha.comChina’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week.
That pressured stock markets across Asia, which were already wallowing after a weaker open amid concerns over China’s economic slowdown and its depreciating currency as well as falling oil prices. The key for investors is to see some transparency, some consistency from the PBOC in terms of its decision-making, its policies in relation to yuan revaluation, fiscal spending and monetary policy,” said Lawson, adding, “If we get consistency, investors feel more confident that Chinese authorities are in control of the declining growth of their economy.

You may also like...