7,855.06 TL BIST 100 BIST 100
28.92 $ USD USD
€31.16 EUR EUR
38.38 TL Interest Interest
74.67 $ Fossil Oil Fossil Oil
23.80 $ Silver Silver
3.75 $ Copper Copper
132.52 $ Iron Ore Iron Ore
387.00 $ Ship Dismantling Ship Dismantling
1,883.86 TL Gold (gr) Gold (gr)

Global markets prepare for China

Investors are seeking to de-risk their portfolios as pressure mounts on stocks in Europe, the US and other parts of Asia, whose businesses are affected by demand in China.

Global markets prepare for China

Global stock managers are preparing for a bad patch amid concerns that a dramatic slowdown in China will affect the future of companies elsewhere that rely on the world's second largest economy.

China-linked investments have turned into a disaster, with the risk that the property market slump could turn into a systemic crisis. So far, the sell-off has been concentrated in Chinese stocks. On the other hand, pressure is mounting on stocks in Europe, the United States and other parts of Asia, whose business is affected by demand in China.

Caterpillar Inc. and Dupont de Nemours Inc. are among the companies sounding the alarm with their latest earnings releases. With China's growth forecast downgraded, investors are trying to de-risk their portfolios.

An MSCI index tracking global companies with the most trade ties to China has fallen nearly 10 percent this month. That's double the decline in a broader gauge of world stocks.

Jason Hsu, chief investment officer at Rayliant Global Advisors, said: "Clearly, the whole world is inextricably tied to China. Large global firms are either selling to China or sourcing from China. These firms are going to have to revise their revenues from China downward over the next 12 months."


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

EIB increased exports in October

Wednesday, December 6, 2023

TUIK announces November inflation rate

Monday, December 4, 2023

22 countries commit to nuclear power for net zero emissions

Sunday, December 3, 2023

World Bank increases funding for climate-related projects

Saturday, December 2, 2023

Export record was set in November with 23 billion 11 million dollars

Saturday, December 2, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now