...shares tumbled in the Taipei trading session, wiping out over $310 million from its market capitalization, after several nationalistic Chinese media outlets published articles calling for a boycott of the company.
The market continues to gingerly ignore the accelerating currency devaluation in China, where the yuan is headed for a record eight weeks of declines. Italian bond yields spike ahead of an important meeting and payrolls are on deck.
"What these documents suggest to any critical thinker is that either because of frank partisan dishonesty or dumbfounding credulity, born of political bias, these former officials have thrown our country into divisive turmoil, weakening it beyond Vladimir Putin’s fondest dreams..."
"If the Fed continues at its current pace, it will have tightened by ~3% (or even ~4% if one includes its roll-off of quantitative easing measures) by the end of 2019. Tightening of that magnitude has almost always resulted in recession." - Dan Loeb
How does Turkish president Recep Tayyip Erdogan fight his political opponents, including those who have been working hard to expose the atrocities of the Islamic state terror group, ISIS?By throwing them into jail for allegedly "supporting terrorism."
With trade war between the US and China set to begin at midnight on Friday, the market is taking on a oddly relaxed attitude, with S&P futures rising back to where they were before the waterfall drop just before Tuesday's close.
"The globalists cannot win unless they completely collapse nations from within and destroy and devalue the borders, language, religion, economy, and culture... They’re using mass migrations (illegal aliens) to accomplish this."