2021-09-24 • Dikemaskini
You have probably heard of China’s company Evergrande which can’t pay its bills and may collapse. But why does this company have such a strong impact on the global markets? Bitcoin crashed by 10% in 24 hours on bankruptcy fears for China’s Evergrande Group and then dropped the next day as well. What? Bitcoin and China’s real estate company? How are they even connected? Let’s find out.
Evergrande is one of the biggest real estate companies in China. It became famous because of its residential property: it "owns more than 1,300 projects in more than 280 cities" in China. The real estate giant is also engaged in electric vehicles, theme parks, and even a soccer team.
It confuses everyone that this giant company will soon be unable to meet its obligations! It has resulted in chaos in China. Evergrande’s customers and business partners aren’t satisfied: some want their houses built, others want their capital back, and what about the firm’s employees? You got it: complete chaos.
It is said that Evergrande owes nearly $300 billion, which accounts for 6% of the total debt for China’s property sector—to creditors, investors, and other stakeholders.
Well, investors remembered the 2008 housing crisis and were afraid that this situation with Evergrande is similar to it and may lead to the overall crisis as well. What does happen usually when fear engulfs the markets? Right, investors start selling riskier assets to park their capital in a safer place and wait out the storm. As a result, the stock market crashed.
The Honk Kong’s Hang Seng Index (HK 50) has been already having a tough time because of China’s pressure on tech stocks such as Alibaba and Tencent, but Evergrande’s news pressed the stock even more. If the HK 50 drops below the low of September 20 at 23,860, it may drop to one-year lows of 23,160.
Remember that with FBS you can open both buy and sell positions.
Coinbase (#COIN) menyaksikan hasilnya meningkat kepada $773 juta pada Q1 2024, peningkatan 23% daripada suku sebelumnya dan melepasi jangkaan penganalisis.
Saham-saham AS telah menunjukkan prestasi setengah tahun pertama yang terburuk dalam tempoh lebih 50 tahun kesan dari percubaan Fed untuk mengawal inflasi dan kebimbangan tentang kemelesetan.
Powell mahukan pendaratan yang lembut untuk inflasi, seperti yang dilakukan oleh Greenspan pada tahun 1994. Tetapi nampaknya dia akan menempuh satu pendaratan yang sukar.
Fed mengumumkan pada hari Rabu bahawa ia membiarkan kadar dasar tidak berubah pada 5…
Jepun melangkah lebih dekat kepada campur tangan mata wang dengan amaran terkuatnya apabila yen merosot ke paras paling lemah dalam kira-kira 34 tahun berbanding dolar…
Sentimen pasaran yang memulih pada pembukaan dagangan awal minggu semalam telah menukar semula haluan pergerakan USD…
FBS menyimpan rekod data anda untuk mengoperasikan laman web ini. Dengan menekan butang "Terima", anda menyetujui Polisi Privasi kami.
Permohonan anda telah diterima
Pengurus akan menghubungi anda dalam amsa terdekat
Permohonan panggil balik seterusnya untuk nombor telefon ini
boleh dilakukan dalam dalam
Jika anda mempunyai isu yang perlu disegerakan, sila hubungi kami menerusi
Live Chat
Masalah dalaman. Sila cuba sebentar lagi
Jangan bazir masa anda – pantau bagaimana NFP mempengaruhi dolar AS dan kaut keuntungan!
|
