
A Healthy Correction for China A-Shares
Frank Holmes joins Bernie Lo and Susan Li of CNBC Asia’s Squawk Box to talk about China’s currency and stock market taking a massive tumble earlier this week due to a selloff that started in the bond market. Frank says this selling in Shanghai is simply the math of the markets, or as he calls it the normal “DNA of volatility.” He says that for Chinese A-shares, this is nothing more than a normal, healthy correction.
You can watch the replay here to hear Frank’s comments on the U.S. markets as well, particularly the extra cash going into consumers’ pockets due to low oil prices.
For more thoughts from Frank Holmes on how the markets are reacting each week, subscribe to his blog!
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