Hong Kong’s Hang Seng index is down 3% on the session so far, pulling back after its blistering rally in the wake of stimulus announcement s from China last week.

Nomura is sounding a note of caution in a note today:

  • “What has happened in the past week has already reminded us about
    the epic bubble and burst in 2015,”
  • China’s current economic fundamentals are still
    weak
  • “A more sober assessment is required”

This article was written by Eamonn Sheridan at www.forexlive.com.



Source link