(Bloomberg) -- Emerging-market bonds fell after
China's tripling of a tax on securities transactions cut into
demand for high-risk, high-yielding assets.
Stocks in Asia, Europe and the U.S. fell, further weakening
demand for emerging-market securities, after China raised the
tax in a bid to cool the rally in the country's equities market.
Central bank officials, former U.S. Federal Reserve Chairman
Alan Greenspan and Li Ka-shing, Asia's richest man, have all
warned of a looming rout in Chinese stocks since the start of
May.
Read more at Bloomberg Emerging Markets News
China's tripling of a tax on securities transactions cut into
demand for high-risk, high-yielding assets.
Stocks in Asia, Europe and the U.S. fell, further weakening
demand for emerging-market securities, after China raised the
tax in a bid to cool the rally in the country's equities market.
Central bank officials, former U.S. Federal Reserve Chairman
Alan Greenspan and Li Ka-shing, Asia's richest man, have all
warned of a looming rout in Chinese stocks since the start of
May.
Read more at Bloomberg Emerging Markets News
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