Business
Wall Street’s $US20b fire sale raises unsettling questions – Sydney Morning Herald
Friday’s extraordinary events on Wall Street say a number of interesting things, and raise a number of interesting questions, about the current state of sharemarkets….
Rising interest rates and tightening liquidity in China as the authorities try to resume a deleveraging of their economy that was paused for the pandemic; a crackdown on tech companies (most notably Jack Mas Alibaba) seen to becoming too powerful and threatening to traditional financiers and the state and the revival of a threat by US regulators to delist Chinese companies unless the US can review their audits have contributed to the falls in their share prices.
In Hong Kong, the Hang Seng technology…
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