China market mini crash due to tightening

World market especially China got a mini crash today. Mainly due to tightening attempts by the central bank created market jitters.

If China is going to slow down, we believe the world market may be impacted. But I believe the leadership in China knows what is happening. There may be a wrong policy by the official or it is just part of the game plan for an early digestion by the market for a trend reversal.

We still maintain our view that even if interest rate start to reverse upward. It should be the good news that the market is growing again. Else, the world may enter another Great Recession again.

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