U.S. Stocks Down Hard As China's Liquidity Squeeze And Bernanke's Taper Hit Wall Street |
| June 24, 2013 | June 2013 Bond Updates |
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A broad based sell off sparked by the Federal Reserve’s assertion that tapering may begin soon continued on Monday, with U.S. stocks opening deep in negative territory and interest rates rising dramatically. While risk assets underperformed across the globe, China took some of the worst of it, as a liquidity crunch has wounded the financial sector, pushing the Shanghai Composite down more than 5% to kick off the week. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/06/24/u-s-stocks-down-hard-as-chinas-liquidity-squeeze-and-bernankes-taper-hit-wall-st/ |
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