Are Markets Showing Signs China is Stabilizing?
Chinese stocks in Hong Kong rose, led by financial companies, as improving manufacturing data boosted confidence in the nation’s economy. V The manufacturing data extended a rally that made the H-share gauge the world’s best performer in August. Chinese stocks have come under pressure in recent days on concern the Federal Reserve will raise interest rates this year, boosting borrowing costs and weakening the yuan. U.S. jobs data due Friday could provide clues as to whether that policy tightening will come sooner rather than later, while investors are also awaiting the Group of 20 meeting in China this weekend. Nomura Senior Independent Client Advisor Bob Janjuah discusses with "On the Move" host Guy Johnson.