The China flip flop

Written by Michael E Dehn

Founder and CEO of Metro Pulse a continually running enterprise since May 1980.

October 8, 2024

Talk about a turn of events:

Hong Kong's Hang Seng index just crashed 9.4% today, posting its largest drop since 2008 and 2nd largest drop since 2000.

Over the last 3 weeks, China's stock market was up nearly 30% on stimulus announcements.

What just happened?

(a thread)
— The Kobeissi Letter (@KobeissiLetter) October 8, 2024