Is It 1987 Again In The Financial Markets?

One of China’s top stock researchers, Bocom International research head Hao Hong, highlights in a note Sunday what he sees as similarities between U.S.-Japan trade tension at that time and current U.S.-China trade woes, as well as their implications for stock prices. On July 2, 1987, he said, Japanese viewers watched nine U.S. congressmen smash Toshiba radios with …

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