Shares soar at 'China's Nasdaq' market debut
https://www.bbc.com/news/business-49067702
The market needs to pay attention to China's move towards authoritarianism. That move could hamper relations with the U.S. even more and cause headaches for global firms.
One obvious black swan is unrest in the Middle East, to which China is exposed as the largest importer of crude oil from the region.
Domestically, recent viral outbreaks have revived memories of the 2003 SARS epidemic. That could get out of hand, a potential black swan.
There is also the risk of bond bailouts and bankruptcies in the small and mid-cap company space that could eventually blow up a brand named corporation, or bank, that the market is familiar with.
“Our forecast makes no allowance for supply-chain adjustments in response to the trade war, which could have a lasting negative impact on the economy”.
Marco Rubio wants to have indexers like MSCI to remove Chinese securities from their benchmarks, ultimately banning investors from owning them.
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