Hong Kong Index Looks a Lot Like the Dow Before Black Monday
- American pressure on Japan in 1987 came months before crash
- Similar U.S. worries seen today over China rise, Hao Hong says
ING's Carnell Sees Trade War Damaging Global Growth
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History redux? The surging tension over trade between the U.S. and China has prompted comparisons to American combativeness toward Japan that preceded the 1987 equity meltdown -- at least, in the mind of veteran market analyst Hao Hong.
While Hong, head of research with Bocom International Holdings Co., acknowledges that it’s possible to craw up many a technical chart of a “startling nature,” he showcased one in a note circulated Monday that induces some stomach churning.