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.
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