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Evergrande Meltdown Ensnares Stocks With Very Little China Links

  • Twitter, EBay, Kroger are all dragged down in broad selloff
  • National Security’s Art Hogan sees ‘irrational de-risking’
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WATCH: Peter Oppenheimer of Goldman Sachs explains why a 10%correction would be a good time to get back into the market.Source: Bloomberg
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A Chinese property owner in distress, and in short order the shares of American social media and auction companies are tumbling. The chain reaction may say more about the extreme altitude of global risk assets than it does about economic contagion. 

While it doesn’t require excessive sleuthing to understand why commodity and bank stocks are quaking in the vortex surrounding Evergrande, the link with a stock like Twitter Inc. or EBay Inc. is harder to see.