China bank regulator warns of ‘bubble’ in foreign markets – business live

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7.42am GMT

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I’m worried the bubble problem in foreign financial markets will one day pop,” Guo Shuqing, chair of the China Banking and Insurance Regulatory Commission, told local media at a briefing in Beijing.

He pointed to gains in US and European markets enabled by ultra-loose monetary policy, which he said had “seriously diverged” from the real economy. “China’s market is now highly linked to foreign markets and foreign capital continues to flow in”

Asia shares fall as China bank regulator warns of foreign ‘bubble’ https://t.co/IUo9kgMCqx

#Tuesday #markets seeing losses in Europe after best day since June yesterday on #WallStreet. #USD on the way up as #China data disappoints & warns of ‘bubbles’ – #base metals down. For more join @IGTV at 07:30amUK for #EarlyMorningCallhttps://t.co/t7xbaLPqC7 pic.twitter.com/qnIrGb1bse

Wall St began March on a strong note w/the S&P 500 up 2.38%, best day since June despite weaker US Treasuries. US 10y yields nudge to 1.41%. pic.twitter.com/VEeKMxrGC4

The S&P closed out its best day since June, and the Dow & Nasdaq posted their biggest gains in nearly four months. So is this the all-clear for the markets? pic.twitter.com/bjYbUznyxc

Related: China’s stock market closes at highest level since 2008 financial crisis

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