Market Depth cover image

China Pushes Yuan Aggressively Higher As Corporate Bonds Implode

Market Depth

00:00

Wanda's 200 Million Dollar Asset Sale Leads to a Cliff Dive

Wanda made an announcement that they were $200 million short of a $400 million payment to creditors. The company then suddenly had this reverse reversal in the stock market, which is very unusual for corporate stocks. Peter Navarrette: Where did Wanda come up with that 200 million? He says Chinese officials are not in the business of direct bailouts or privatizing gains and socializing losses.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app