A Chinese property owner implodes, and in short order the shares of American social media and auction companies are tumbling. The chain reaction may say more about the extreme altitude of global risk assets than it does about economic contagion.
While it doesn’t require excessive sleuthing to understand why commodity and bank stocks are quaking in the vortex surrounding Evergrande, the link between the lender’s travails and a stock like Twitter Inc. or EBay Inc. are harder to see.
September 21, 2021 at 03:15AM
https://www.bloomberg.com/news/articles/2021-09-20/evergrande-blowup-ensnares-stocks-with-pretty-flimsy-china-links
Evergrande Blowup Ensnares Stocks With Very Little Link to China - Bloomberg
https://news.google.com/search?q=little&hl=en-US&gl=US&ceid=US:en
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