Bulls vs Bears
Tuesday, November 29, 2022
A relief rally by global equities continued in the first half of August before hawkish comment from the US Federal Reserve sent global markets back into a downtrend. Since then, it’s been a mixed ride driven by inflation news and interest rate expectations. The Chinese markets, while driven by different factors, were equally volatile: a Party Congress, erratic foreign sentiment, COVID lockdowns and releases, a property sector slowdown. Despite pockets of good news on exports and infrastructure investment, China’s economy remained lacklustre.
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