Shanghai slid 2.4% overnight led by energy shares falling back to 2008 levels, and as Goldman...


Shanghai slid 2.4% overnight led by energy shares falling back to 2008 levels, and as Goldman cuts its forecasts for miners. It's not just lower prices, says Goldman, but rising volatility makes it more difficult to manage inventory and hedging. The squeeze in the country's money-markets is likely to reduce credit growth by $122B this year, according to a Bloomberg survey - the equivalent of the size of Vietnam's economy. The China 25 Index ETF (FXI), however, is +0.3% premarket.

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  • Sam Liu
    , contributor
    Comments (3711) | Send Message
     
    does anyone have the Shanghai A shares and B shares rise or decline relative to the RMB's appreciation in 2005
    8 Jul 2013, 11:38 AM Reply Like
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