FXI DOWN: China credit slump | Ezbrisk
By: Ezbrisk
Published:
Anomaly score: -1.7408597120881057
Confidence: 0.65
Market summary
China credit slump
Ezbrisk assessment
Large-caps are sliding moderately as news of banks shedding bad consumer debt and sluggish lending data suggest a broader cooling in domestic demand.
Sources: https://www.scmp.com/business/banking-finance/article/3273934/chinas-banks-look-unload-more-us82b-bad-credit-card-loans, https://www.straitstimes.com/business/renminbi-currency-pressure-from-yen-intervention
Verdict ID: fc777728-f1e2-4fa7-8e9b-1acf14d25655