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Podcast: Market Depth
Episode: When Markets De-Risk, But Not Decouple (from China)
Description: A lousy Manufacturing PMI reading out of China pulled the Hang Seng index officially into bear market territory, sent the yuan crashing through 7.10, and seemed to have set off a broader, risk-off market move that reverberated across asset classes globally. But, did yet another piece of weak economic data from China really spook global markets - particularly the previously China-resilient DM equity indices such as Japan? After all, Asia equities ex-China have been leading the world higher for several weeks, ignoring one disappointing data release out of China after another. What (else) actually happened to stop the m...