There’s been a $50 billion sell off on the Australian sharemarket and markets in Asia have also been weighed down by the growing realisation debt charge rate cuts may be some way off. Subscribe: http://ab.co/1svxLVE
The sell-off accelerated after China released a slew of economic data painting a mixed picture.
JP Morgan Private money institution Global sector Strategist Julia Wang says the data reveals that while capital is driving economic expansion, demand remains weak, and the economy will face stronger headwinds in the second half of the year.
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