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China stock rout spreads amid fears of foreign investor exodus


Bloomberg/Jeanny Yu and Livia Yap/7-26-2021

graphic image of a seated bear gazing quietly back at the viewer

“A deepening selloff in Chinese stocks spread to the bond and currency markets on Tuesday as unverified rumors swirled that U.S. funds are offloading China and Hong Kong assets.”

USAGOLD note: The fact that the problem is metastasizing across market sectors and geographical boundaries signals a banquet of bearish consequences beyond what the Chinese government intended with its regulatory push.

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