Wednesday, 3 March 2021

Markets mixed, bubble fears return

Markets were mixed on Tuesday.

The S&P 500 fell 0.8 percent and the Shanghai Composite fell 1.2 percent but the STOXX Europe 600 rose 0.2 percent.

Fears of a festering equity bubble were rekindled on Tuesday.

"We are really afraid the bubble for foreign financial assets will burst someday," said Guo Shuqing, the Communist Party secretary at the People's Bank of China and chairman of China's Banking and Insurance Regulatory Commission.

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