I am sorry I missed this poll, but what it lacked was the ability to comment the sell of. What is missed is the fact that the markets in China had already been weak, the Shanghai Composite has been down since May 2011 and had already failed a a weak attempt to reverse this trend.
The Hang Seng had already peaked in Jan this year and was selling off and still has some downside to go. The market reaction this time much the same across Asia was the increase in capital outflow from driven by foreign fund managers as they rebalanced from risk/on to risk/off due to the Feds comments. In Thailand for example net selling increased from 50% of foreign volume to 59% and as they make up almost 40% of daily volume there was a considerable correction. This same reaction could be seen across most emerging markets where foreign capital has been flowing, including China. I believe after working in the is region for a very long time that China will still outpace most economies in GDP growth and the the PBOC simply used the timing of the Fed market turmoil to drive home the changes needed in their banking system.
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