Looking back over 2015 Shanghai’s stock market performance SHCOMP, -0.43% can appear relatively reassuring — still up almost 13% year-to-date despite the summer swoon.
But the big story of the past year is not Chinese equities but the reversal in the yuan USDCNY, +0.0247% and money inflows into China.
This is significant because Beijing now finds itself in uncharted territory; attempting to juggle a controlled currency depreciation, while also seeking to plug mass capital outflows. If authorities lose control, investors may have to cope with the fallout from a much larger currency adjustment in the world’s second-largest economy.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
But the big story of the past year is not Chinese equities but the reversal in the yuan USDCNY, +0.0247% and money inflows into China.
This is significant because Beijing now finds itself in uncharted territory; attempting to juggle a controlled currency depreciation, while also seeking to plug mass capital outflows. If authorities lose control, investors may have to cope with the fallout from a much larger currency adjustment in the world’s second-largest economy.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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