https://twitter.com/Schuldensuehner/status/1584539298400940034 Nasdaq #China Index slumps 14% in no-confidence vote after the 20th National Congress. https://t.co/T1wvGeBas3 via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1584666524518088705 The richest tycoons doing business in #China have lost almost $13bn in the market selloff that followed Xi Jinping’s tightening grip on the govt. https://t.co/oAdZcJ56fs https://t.co/anyzFnLGpo via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1585168852987437056 #China’s budget deficit nears record $1tn amid slowdown. Deficit for first nine months is almost three times last year. Slumping land sales, tax breaks cut into govt revenue. https://t.co/AW2oC53vP7 https://t.co/PBeiuFAFfL via @Schuldensuehner
Business-Standard
China's budget deficit nears record $1 trillion as economy slows
Chinese authorities have struggled to make ends meet this year as massive tax rebates and the persistent housing market crisis have cut government income sharply
https://twitter.com/Schuldensuehner/status/1585884147448303616 OUCH! Hang Seng Tech index craters almost 6% after #China tech weakness returns following terrible numbers from #Amazon. Amazon shares fell a dramatic -13% after hours on Thursday. If sustained today that would drop it to a market cap of below $1tn. https://t.co/sCwc6VIrZl via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1587406556970336257 Hang Seng Tech jumped 7.8% and the #China Yuan strengthened as speculation mounted that policymakers are making preparations to gradually exit the stringent Covid Zero policy that’s been the biggest bugbear for investors. https://t.co/UG89wAHckl via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1588101894391713795 Germany’s solo trip to Beijing exposes Europe’s dilemma on #China. Chancellor Scholz brings a high-profile delegation on his first state visit to Beijing and faces a delicate balancing act. #Germany is running a massive trade deficit w/China. https://t.co/OYPstFK1sW https://t.co/BHtE3d3Ekg via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1590980421193695233 #China supercharges the Fed pivot rally w/easing of quarantine & flight bans in a significant calibration of the Covid Zero policy. Hang Seng Tech Index jumps >10%. https://t.co/vX1mjMB36i via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1594952884629958656 Good Morning from #Germany where the govt is considering new rules that could require companies w/large exposure to #China to disclose the extent of their reliance on it as a market to reduce potential econ fallout from a deterioration in the relationship. https://t.co/UfZ1pOUDLd https://t.co/QohG2RtgpH via @Schuldensuehner
Twitter
Good Morning from #Germany where the govt is considering new rules that could require companies w/large exposure to #China to disclose the extent of their reliance on it as a market to reduce potential econ fallout from a deterioration in the relationship.…
https://twitter.com/Schuldensuehner/status/1596928100054753280 #China is experiencing largest protests since Tiananmen Square protests. An online video of a fire in an apartment block has unleashed nationwide anger and protests over Beijing's Covid restrictions. Weak econ figures now being compounded by further risks https://t.co/8XupYEk19F https://t.co/xl0TFaGbpt via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1597012070985502721 #China stocks face downward pressure amid China unrest over Covid lockdowns. https://t.co/R3lBwfDe1a https://t.co/SxbHLhfyrY via @Schuldensuehner
Yahoo
Stocks Fall Amid China Unrest, Dollar Advances: Markets Wrap
(Bloomberg) -- Shares were under downward pressure and the dollar climbed as markets opened in Asia on Monday to news of growing unrest in China over Covid restrictions.Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsThe…