FYI: This Halloween, it’s not a Hollywood monster that’s bringing the fright to investors: It’s a whole cast of scary characters, including trade tensions, tech disappointments, rising interest rates, and wild swings in China’s markets. Combined, they helped push the benchmark S&P 500 into the red for the year. Globally, stocks extended their monthlong slide.
Until this week, the U.S. market has shaken off troubles abroad. But like the foreshadowing in a horror movie, there had been signs earlier that China could spook global markets. Chinese stocks have been on a steady decline for months, down 27% since their January high. China’s economy grew at 6.5% in third quarter, the slowest since 2009. There’s a trade war with the U.S., and regulatory, monetary, and economic challenges at home.
Regards,
Ted
https://www.barrons.com/articles/bargain-hunting-in-china-stocks-1540602049?mod=hp_LEAD_1
