Podcast – China Evergrande liquidation risk spooked Asian equities and US PCE inflation data on the radar next

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss the fallout seen in Asian benchmark stock indices triggered by another round of liquid crunch being spiraled into China’s property market. This latest round of negative feedback loop has been reinforced by China Evergrande’s liquid risk as a key meeting with creditors to discuss its overdue bond payments restructuring plan has been scrapped by the company without clear explanations. Also, US PCE inflation data for August may come in higher than expected due to the steep increases in oil prices seen in the last three months.

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