China’s epic stock crash

Thursday, 21 December 2023

I love the smell of burning Chinese capital in the morning. I noted earlier this week that global capital has shut China out:

More today on its epic stock crashes. The mothership CSI is at long-term support:

The Hang Seng has been wrecked:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.