ECONOMY ALERT

Avoid to Buying Chinese Stock!

Morgan Staley fund manager said china stock market is doomed with down 7.4 per cent on Shanghai Composite and Shenzhen 7.8 per cent.  In March to middle of June The Shanghai Composite was up to more than 60 per cent and Shenzhen raised 77 per cent. The cycle of the top has now taken place on Shanghai, Shenzhen and ChiNext, the expert added. (EA01/CB/26/June/15)    

IMF Warned the Fed!

International Monetary Fund warned the Fed of being risky for raising interest before 2016. An interest rise would increase dollar value could pose negative impact on domestic growth and emerging market which was in unstable condition. IMF reiterated that in volatile market, investors face panic selling and forced to liquidate their shares. (EA02/BC/7/July/2015)