(Bloomberg) -- It began with a record crash in Chinese stocks on Wall Street and only got crazier from there.The nearly $1 trillion selloff ignited by Beijing’s shock ban on profits at tutoring companies has triggered a new round of soul searching about the investment case for Chinese assets in the Xi Jinping era.After a week of wild market swings and tense calls with clients, some investors have decided China just isn’t worth the trouble. Others spot buying opportunities after valuations sank t
The Australian and New Zealand Dollars are trading lower on Friday, pressured by a drop in demand for higher risk currencies that is being fueled by a plunge in global equity markets. The Aussie and Kiwi are being underpinned, however, by a weaker U.S. Dollar. Meanwhile, the Covid situation in Australia is worsening, raising fears that the country will experience another virus-related contraction during the third quarter.
By Geoffrey Smith