Not exact matches
This is big news from what is effectively the world's benchmark index for
emerging -
market stocks, and it
sends an important signal about the credibility of A-shares.
The Asian crisis that
sent the
Emerging Countries into a tailspin and collapsing
stock markets over the 1997 - 99 period may have been due to a liquidity shortage as the US deficit pushed towards closer balance starting in 1993 and reaching an apex in 1996 with world output (excluding US) for three years between 1994 and 1997 was 3 %, but as the US fiscal stimulus from our trade deficits declined over those years, and without alternatives to replace the extra liquidity, raw material prices growth collapsed and world output slowed dramatically from 3 % to 1 %, and 2 % in the following year.
But the
market also got off to a rocky start last year when jitters about
emerging economies and a weak manufacturing report in China
sent stocks on a slide that left the Standard & Poor's 500 index down roughly 6 % as of early February.