China, HK stocks fall as excitement around RRR cut fades
Meanwhile, the U.S. government on Tuesday strengthened its warnings to businesses about the growing risks of having supply chain and investment links to China’s Xinjiang region, citing forced labour and human rights abuses there. ** “I am watching for any indication that a serious correction is developing,” said Bill Witherell, chief global economist at Cumberland Advisors. “Deteriorating China-US financial relations certainly could trigger one.” ** Lynda Zhou, Shanghai-based fund manager at Fidelity International, said she expected rising volatility in China’s onshore stock market, and also cautioned against the negative impact from an expected U.S. tapering.
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Cumberland Advisors Market Commentaries offer insights and analysis on upcoming, important economic issues that potentially impact global financial markets. Our team shares their thinking on global economic developments, market news and other factors that often influence investment opportunities and strategies.