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The Ultimate Contagion: China Sovereign Risk Is Starting To Blow Out

The Ultimate Contagion: China Sovereign Risk Is Starting To Blow Out

BY Tyler Durden | ZeroHedge “Something historic will happen this week” was how we started to explain the process by which the collapse of Evergrande could spread contagiously across the world this week. One glance at global markets this morning suggests, at a minimum, that risk is being de-grossed across everything from European utilities to cryptos to US materials stocks. […]

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

Hong Kong Stocks Crash, Futures Slide As Markets Finally Freak Out About Evergrande Default Contagion

BY Tyler Durden | ZeroHedge Well, as we warned, the Evergrande contagion has finally arrived and with China closed for holiday traders are getting out while they can and where they can, and on Monday morning in Asia that means Hong Kong, where Evergrande – which is about to default – has crashed by another […]

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

China Yuan Swaps Soar Amid Fears Evergrande Default Will Lead To Liquidity Crisis

BY Tyler Durden | ZeroHedge The initial contagion from the upcoming default of Evergrande, which after the company’s hiring of bankruptcy advisor Houlihan Lokey is just a matter of days, is starting to emerge. China’s one-year onshore swap curves surged to the highest in almost four years, signaling market worries over liquidity shortage on potential default […]