Market Volatility In An Uncertain WorldGuest Post
Market Volatility In An Uncertain World by Dan Steinbock, Difference Group
Recent market volatility is neither entirely warranted nor unexpected. In China, it reflects a confluence of forces; but in the US and internationally, it is fueled by international worries.
On Monday, January 4, China's A-shares plunged by about 7%, whereas the renminbi (RMB) weakened to 6.52 relative to US dollar.
The CSI 300 index, which tracks large-cap stocks in Shanghai and Shenzhen, suffered the largest single-day plunge in months. The fall was fueled by . . .
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