Market Comment | The plunge in China’s stocks and oil prices wreak havoc on equity markets

Summary

  China released a bunch of weak economic figures, while its currency reserves plunged in December. The monthly fall in China’s foreign currency reserves reached a new record (-USD107.92bn to USD3,330.36bn), well ahead of consensus expectations (-USD24bn to USD3,415bn). Manufacturing confidence also disappointed. The Caixin China Manufacturing PMI extended its fall in December, against expectations […]

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