Seems that the over-riding issue has been the Chinese govt
intent to slow it's economic growth to prevent it from overheating.
While the SEC has announces investigations into a few Chinese
stocks, and the media made big hay of the S&P outlook (not
rating issue) and stirred the political pot, most money managers
interviewed yesterday were quoting the fact that the CHinese govt
raising interest rates has put a dampener on their foreign
investments and them re-adjusting their portfolios to compensate
and avoid risk.
Klatuu
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Seems that the over-riding issue
SHZ
Posted by klatuu on 19th of Apr 2011 at 11:37 am
Seems that the over-riding issue has been the Chinese govt intent to slow it's economic growth to prevent it from overheating. While the SEC has announces investigations into a few Chinese stocks, and the media made big hay of the S&P outlook (not rating issue) and stirred the political pot, most money managers interviewed yesterday were quoting the fact that the CHinese govt raising interest rates has put a dampener on their foreign investments and them re-adjusting their portfolios to compensate and avoid risk.
Klatuu