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1.Market Observations, 8.Was Sticky

4 July 2018 (AFR) – China moves again to curb market panic

(4 July 2018, AFR, p1, by Michael Smith)

‘Beijing has ramped up efforts to curb panic selling after China’s stockmarket hit new two-year lows on growing concern about US trade tariffs, a slowing economy, a weaker currency and the risk of the country’s unregulated debt spiralling out of control. Policy changes such as the central government’s move to switch off low-interest loans for shanty town redevelopment has undermined confidence in China’s $US7 trillion equity market just as the first wave of US President Donald Trump’s proposed tariffs on Chinese goods comes into effect.’

Read more at AFR.com (might need AFR login access, or try: AFR.com /trial)

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