Northern Light
Superstar
Some news from China which concerns a UT focus as well...........real estate.
It looks like a very large Chinese developer, Evergrande is teetering financially.........while another (smaller) developer, Sinic is also in trouble, having lost 87% of its market-cap........and at least two others are experiencing 'pressure'.
See article here:
www.reuters.com
Its possible the markets or the Chinese Central bank will find ways to smooth this out.............but this could definitely cause some serious waves.....
It looks like a very large Chinese developer, Evergrande is teetering financially.........while another (smaller) developer, Sinic is also in trouble, having lost 87% of its market-cap........and at least two others are experiencing 'pressure'.
See article here:
China Evergrande contagion concerns rile global markets
Growing fears of China Evergrande defaulting rattled global markets on Monday as investors worried about the potential impact on the wider economy dumped Chinese property stocks and sought refuge in safe-haven assets.
Its possible the markets or the Chinese Central bank will find ways to smooth this out.............but this could definitely cause some serious waves.....