Faster US inflation and weaker Chinese credit impulses are bad signs for growth stocks. Photo: Shutterstock
Faster US inflation and weaker Chinese credit impulses are bad signs for growth stocks. Photo: Shutterstock

‘Don’t try to catch a falling knife’ as red flags from China credit data, US inflation pressure growth stocks

  • Hang Seng Tech Index slipped below the 200-day moving average line this month, a bearish sign for stocks even after a 31 per cent plunge
  • Tencent’s rally since 2010 and its current reversal mirrors Nasdaq’s blistering decade before the 2000 dotcom crash

Faster US inflation and weaker Chinese credit impulses are bad signs for growth stocks. Photo: Shutterstock
Faster US inflation and weaker Chinese credit impulses are bad signs for growth stocks. Photo: Shutterstock
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