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Business and Market Discussion / View from Japan

2021-09-21

Business and Market Discussion / View from Japan

2021-09-21
 Hong Kong shares plunged Monday and equity markets in Europe and the US slumped as the crisis at indebted property developer China Evergrande deepened and contagion rippled across financial markets. Shares of Evergrande and its subsidiaries tumbled along with other real estate stocks and bank and insurance shares which are seen as being affected by the fallout. Last week, Chinese authorities told major lenders not to expect interest payments from the firm this week. 

US Treasury Secretary Janet Yellen said unless Congress raises or suspends the US debt ceiling, the government will run out of money to pay its bills sometime in October. Writing in a Wall Street Journal op-ed, she said "the overwhelming consensus among economists and Treasury officials of both parties is that failing to raise the debt limit would produce widespread economic catastrophe."

On today’s Money Talk, we’re joined by Mark Michelson from IMA Asia and Will Denyer of Gavekal. With a view from Japan is Tokyo-based journalist and author, William Pesek.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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