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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHINA
- These last few days were marked by strong downside moves on Chinese equities; China tech stocks are down 10% since Thursday.
- Beijing's decision to crack down on private tuition firms catalyzed the sell-off late last week, with selling accelerating today and prompting speculation that offshore (namely US) funds are offloading positions and exiting the region.
- In addition, we saw that a series of financial and economic indicators have been showing that Chinese economic activity has peaked in February.
- China equities (CSI 300 index) are down 20% since February, and highly-volatile tech stocks (CQQQ ETF) are down nearly 35%.
- This chart also shows that China tech stocks have been very sensitive to periods of sharp contraction in Chinese 'liquidity', which we measure as the annual change in the China Total Social Financing 12M sum.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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