Or will there be enough state-backed intervention on the HK stock exchange that nothing will happen?
Or will there be enough state-backed intervention on the HK stock exchange that nothing will happen?
https://twitter.com/gregorhun...93789441601538
Not much movement yet.
What it looks like this morning... Not out of the ordinary if you change the time scale..
No point taking any risk in a Friday...
Last edited by shri; 22-05-2020 at 04:45 AM.
This might also factor in..
Here comes the US crackdown on China stocks
https://a.msn.com/r/2/BB14qHla?m=en-...rID=InAppShare
Lets see what happens now that these numbers are out.
What is more important to the "market"?
https://twitter.com/DavidInglesTV/st...38506527535104
targets jobless rate of ~6%
- aims to add 9 million urban jobshttps://www.bloomberg.com/news/featu...-to-xi-jinpingAccounting for migrant workers who couldn’t travel to cities, job losses may have exceeded 50 million and the real unemployment rate could have hit 12% in March, according to BNP Paribas. As many as 130 million people were either out of work or furloughed in the first quarter.
https://qz.com/1858923/coronavirus-h...ployment-rate/
I take my financial advice directly from Carrie Lam and she explained the market in great detail at her Friday press conference- markets go up and down, nothing to see here..."
So it's all fine, just the normal ups and downs of the markets, move along...
For anyone who doubts that China is not essentially shut down now they only have to look at pollution levels.
https://waqi.info/#/c/26.377/114.596/6.7z
Or you could have just looked out the window over the last few months and seen how clear the view was. Mind you today is a bit overcast with the rainy season.