The Shanghai Composite is adding to last Friday’s -5.2% debacle after further fears of inflation and government intervention roiled the markets. Shanghai stocks lost -4% with heavy losses in the banking sector and commodities. The Shanghai Composite is now down -7.7% in the last week and -11.7% ytd.
Via Trade The News:
– (CH) Former PBoC advisor Fan Gang: China inflation is being imported; China policy makers will take action on inflation, policy makers are mulling more steps to cool prices and they can use interest rates or quantitative measures
– (CH) China top planning agency National Development and Reform Commission (NDRC) to introduce price limits and subsidies for shoppers to help curb food inflation pressure – China Securities Journal
– (CH) PBoC Gov Zhou: China will push forward with interest rate reforms; Economy moving in line with govt expectations
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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