Amid ‘ snowball derivative liquidations ‘, China’s stock market is falling faster than its population . The Hang Seng China Enterprises Index crashed 6.5% this week – its worst weekly loss since March 2023 with Wednesday seeing the biggest daily loss since Oct 2022 as the index plummeted to key support levels around the Oct 2022 lows… Source: Bloomberg For context, Chinese and Hong Kong stocks have seen some $6.3 trillion of market value wiped out since a peak reached in 2021… Source: Bloomberg Winter Sun Plus is NOW 40% off! Boost your natural defenses with this powerful vitamin D3 and K formula! But, as we detailed earlier in the week , authorities have ruled out the use of massive stimulus to revive the flagging economy, leaving traders wondering when things will improve. “What […]
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