Yuan, Stocks Slammed As US Weighs Limits On Portfolio Flows From China
In what appears to dismiss President Trump’s claims that a deal is a lot closer than you think, Bloomberg reports that the White House is said to support a review of investment limits for China.
Among the options the Trump administration is considering:
-
delisting Chinese companies from U.S. stock exchanges and
-
limiting Americans’ exposure to the Chinese market through government pension funds.
Exact mechanisms for how to do so have not yet been worked out and any plan is subject to approval by President Donald Trump, who has given the green light to the discussion, according to one person close to the deliberations.
Bloomberg adds that there is reportedly no timeline for a Chinese capital restriction action.
The market did not like that…
Yuan is also tumbling…
Source: Bloomberg
Alibaba shares plunged…
Trade deal odds tumble…
Source: Bloomberg
Cue – headline touting how great the deal talks are going…
Tyler Durden
Fri, 09/27/2019 – 11:40
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com