Daily Colombian Equities Bulletin and Fundamentals 1-24-14
Ideas get bigger when you share them...
January 27, 2014 (www.investorideas.com newswire) Market color In China alarms were fired up on commercial banks, for which regulators ordered special scrutiny of credit risk, focused mainly on the mining and energy sector loans. This, as a result of a possible default in which the Industrial and Commercial Bank of China (ICBC) could incur, due to an investment product that was commercialized based on loans made to Zhenfu Energy Group, which is in bankruptcy. Although the amount to pay is not significant for the system (USD 500 million), the global market has raised again questions about the solidness of the financial sector in China.
China ´s news drove global markets down today. The VIX index increased to 18.14, the highest level since October 2013, while the MSCI All Country World index dropped 1.9%. In the US, markets had a sharp fall as the S&P 500 decreased 2.09% and the DJIA 1.96%.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
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