Bears maul Chinese stocks

[ajl]

So how is the escalation of the trade war going for the Chinese we wonder? Actually, while the talking heads talk all day about President Trump's tariffs, the real story is how China is broke because it has some 50T of debt mostly denominated in: you guessed it: $USD. Investors want to have the $USD back in order to buy US treasuries at say 3%. US rates are falling so it may be too late to get in on 3% 10 year treasuries. But rising interest rates and a rising $USDX is causing one huge headache in China. This majorly affects their abilities to buy commodities and is partially responsible for the recent pullback in commodities.

[farmaholic]

A whopping 3% 10 year bond....Ooooo. Empty the mattresses.

Boy have people settled for mediocrity.

[Oliver88]

Yesterday I read the Shanghai Composite was down 22% year to date.

This appears to be a trade war that won’t be free of pain and misery for communist China.

[errolanderson]

This is the beginning of a global financial washout, not just China (IMO).

https://www.cnbc.com/2018/06/28/global-stocks-see-biggest-loss-of-investor-cash-since-the-financial-cr.html?__source=sharebar|linkedin&par=sharebar