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China's Traders Have an Excuse to Take the Rest of the Year Off

Mimi Sabreena 8:25:00 AM Informasi

(Sept 28): Financial markets in the world’s second-largest economy are set to turn listless in the fourth quarter as party officials keep a lid on volatility around a seminal Communist Party gathering.

That’s the finding of Bloomberg surveys of market participants. The benchmark Shanghai Composite Index is projected to end the year 0.3 percent higher than Wednesday’s close.

The yuan will be at 6.64 per dollar, similar to the current level, while the 10-year sovereign bond yield is expected to slip to 3.59 percent from 3.63 percent.

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