October 03, 2024 at 03:45AM
Hong Kong’s Hang Seng index is down 3% on the session so far, pulling back after its blistering rally in the wake of stimulus announcement s from China last week.
Nomura is sounding a note of caution in a note today:
“What has happened in the past week has already reminded us about
the epic bubble and burst in 2015,”
China’s current economic fundamentals are still
weak
“A more sober assessment is required”
This article was written by Eamonn Sheridan at www.forexlive.com.
Nomura urge a ‘more sober assessment’ on China stimulus rally