anyone remember the last time #USDCNH erupted & stock market tanked? pic.twitter.com/5msUdSkn58
— Alastair Williamson (@StockBoardAsset) August 2, 2018
CHINA PANIC: "Chinese stocks are extending losses.#Shanghai Composite -2.5% #Shenzhen Component -3.1% to the lowest since Nov'14.#Chinext -2.5% to NEW LOW in 3 yrs & a half.
Property developers & defense industry companies led the losses," h/t @YuanTalks pic.twitter.com/tvkfZw4zvU— Alastair Williamson (@StockBoardAsset) August 2, 2018
China’s Peer-to-Peer Lenders Are Falling Like Dominoes as Panic Spreads
China. pic.twitter.com/27MmbU3nLN
— J Pierpont Morgan (@pierpont_morgan) August 2, 2018
China crackdown on bad debt forces wave of loans on the market
Financial Times–17 hours ago
The supply of bad debt in China, estimated at $3tn last year, is expected to grow … market had led to what was described as a bubble in distressed debt prices.
BOJ’s Amamiya says central bank will buy bonds if yields rise rapidly
Reuters–12 hours ago
KYOTO, Japan (Reuters) – Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday the central bank will purchase government bonds “promptly …