The pain is spreading in China.
Today’s brutal plunge in property bonds is even ensnaring investment-grade giant Vanke https://t.co/PCbwIB6sOP pic.twitter.com/vLDvjb6b9t
— Rebecca Choong Wilkins 钟碧琪 (@RChoongWilkins) July 12, 2022
OUCH! Nasdaq China Index plunges >7% due to the negative COVID headlines out of the country. Pinduoduo down 10%, Alibaba -9.4%, Baidu -5.7%. pic.twitter.com/aVZynVVkNs
— Holger Zschaepitz (@Schuldensuehner) July 11, 2022