The Fed, growth concerns and post-Covid ripples: What's ahead for the US and Chinese markets
A broad rout across financial stocks on Wall Street overnight wiped out more than $52 billion in market value from the four biggest US banks. And just days ago, China unveiled a lower economic target for the year at its ‘Two Sessions' political meetings, setting a modest GDP growth figure of around 5%. CNA’s Henry Yin spoke to Sanjay Guglani, CIO of Silverdale Capital, on how markets in the region are digesting the news.
A broad rout across financial stocks on Wall Street overnight wiped out more than $52 billion in market value from the four biggest US banks. And just days ago, China unveiled a lower economic target for the year at its ‘Two Sessions' political meetings, setting a modest GDP growth figure of around 5%. CNA’s Henry Yin spoke to Sanjay Guglani, CIO of Silverdale Capital, on how markets in the region are digesting the news.
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