Traders Hold Breath as China Markets to Reopen After Holiday
- Energy trading looks set for turmoil in race to secure supply
- Equities have been on a rollercoaster ride in Hong Kong
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China’s financial markets are set to open for the first time in a week on Friday, with investors bracing for volatility from a surprise default in the property sector coupled with the global energy shortage.
The Golden Week holiday offered a rare respite from a months-long regulatory onslaught that’s sent shock waves through the world’s financial markets. As trading resumes focus will be on where Beijing will strike next and the impact of Fantasia Holdings Group Co.’s dollar-bond default this week, the first in the industry since China Evergrande Group sank deeper into crisis.