12.03.2007 Opalesque Exclusive: Research says cross-border investors sold Chinese market in nine sessions leading up to 9% correction on February 27th
Financial markets are often similarly anatomized as if they were a single organism. During times of market dislocation there is much talk of “contagion” – the notion that a panic in some distant periphery, such as the domestic Chinese stock market, can infect and undermine the entire body. The idea of contagion is intuitively appealing in an interconnected, high velocity, 24/7, globalized financi
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