Are Equity Markets Starting To Price In China Risk?
Market Depth
Introduction
Weston Eckmore from Blockworks macro in Tokyo. Today out of China, we have cuts in the one year and five year loan prime rates by 10 basis points each following three rounds of rate cuts from last week. And this time we have equity markets in China and Hong Kong down on the day and underperforming the region. So what does that say in terms of policy versus market response? You know, was a weak market in China even driven by the rate action today or was it something else entirely? We're going to dive into all that today.
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