Gyrating markets are dealing with a new bit of law from China regarding derivatives. See
this article in today's Wall Street Journal. Over the weekend, there was much confusion over whether China had a new stance on derivative contracts. Some on that may be read
here.
So. What on Earth? All interpretations and points of view aside, this is the other reason the September markets are in for a ride...
A tidy maneuver and the first move in what might be a long game of global financial chess...
No comments:
Post a Comment