Nomura urge a ‘more sober assessment’ on China stimulus rally

Hong Kong’s Hang Seng index is down 3% on the session so far, pulling back after its blistering rally in the wake of stimulus announcement s from China last week.

Nomura is sounding a note of caution in a note today:

• “What has happened in the past week has already reminded us about
  the epic bubble and burst in 2015,”
• China’s current economic fundamentals are still
  weak
• “A more sober assessment is required”

This article was written by Eamonn Sheridan at www.forexlive.com.