Mr Webb is being kind and giving us mortals a little warning. HK and China stocks are going in for a beating.
US stocks too, but at some point the economical benefits of the trade war will be seen on the US markets the HK / CN markets will start trading in opposite directions. That will take a long time.... it may get him re-elected.
Last edited by Fenix2; 03-06-2019 at 02:54 PM.
In a fantasy world, I can see Xi channel Reagan and give a historic 'tear down the walls' speech.
Lots of mutually assured destruction scenarios at play here.
All those institutions having to sell HKD denominated equities and turn them back to USD could smash the peg...? How much do US pensions own on the Hang seng? How big are HKMA's funds to maintain the peg?