How Are Markets Responding To China's Sudden Rate Cuts?
Market Depth
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The Asia Market Close Snapshot for the Day
China and Hong Kong are up about 0.6% on the day. But considering that this is a day in which we had two waves of policy stimulus callas that came out of China, for the HangSang and CSI index to be up only like a half percent, that is very, very bad. As you can see right next to it, Japan's Nikkei 225 index, once again, making yet another new three decade high up almost 2%. That makes the China stimulus no response look especially bad. And no, Japan is not up because of China.
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