Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
‘All Bets Are Off’: Bloodbath In China, Hong Kong As Trade War Spirals
Chinese shares were butchered on Friday amid escalating trade tensions between Beijing and Washington.
Just hours after the Trump administration slapped some $50 billion in new tariffs on China in retaliation for IP theft, Beijing fired what amounted to a warning shot with $3 billion in tariffs of its own.
The SHCOMP was down 3.4%, its worst day since the February turmoil. The ChiNext was down an egregious 5%. It's been a rough week:
Some folks think this is not the time to be buyin
Yep we’ve got ourselves a crack-up!
I agree this is not the time to buy the dip. The everything bubble is popping – a it’s still only one symptom of a bigger collapse.
It will be a process, but these are the early throes of the endgame. History shows that we need to buckle up for more chaos and an accelerating pace.