The focus of stock-market angst in Asia has turned from Japan to China, where shares (FXI)...

The focus of stock-market angst in Asia has turned from Japan to China, where shares (FXI) slumped 5.3% on continued fears about the cash crunch in the banking sector, as well as about the ending of the Fed's QE policy. While the PBOC stepped in on Friday to ease liquidity, today it said there's enough money in the markets. Elsewhere in the region, Japan -1.3%, Hong Kong (EWH) -2.2%, India -1.1%.
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Comments (5)
  • Bioalchemy
    , contributor
    Comments (181) | Send Message
    Actually the Fed should end QE4ever either earlier this year or just give it a little bit more time. With economic condition little changed I can hardly understand what the they have achieved except helping market makers.
    24 Jun 2013, 07:13 AM Reply Like
  • J Mintzmyer
    , contributor
    Comments (8979) | Send Message
    $IFN and $CHN are ridiculously cheap, and probably even more on sale now.
    24 Jun 2013, 08:03 AM Reply Like
  • june1234
    , contributor
    Comments (4504) | Send Message
    Chinas markets tanking have as much to with any data as ours did back in 08. Remains a leverage problem not a GDP one.
    24 Jun 2013, 08:50 AM Reply Like
  • CraigPowell
    , contributor
    Comments (130) | Send Message
    New week starts:
    Shanghai stocks plunge 5.3%,
    European stock markets dropped for a fifth straight day
    IMO serious money can be made today by buying the dips
    US stocks and the U.S. economy will take the north direction as accurately forecasted on last November:
    P.S.: The futures are already looking better.
    24 Jun 2013, 09:19 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13620) | Send Message
    Yawn... excuses. China sold off heavily because the US did Friday.
    24 Jun 2013, 12:48 PM Reply Like
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