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Evergrande contagion fears are over exaggerated – Steven Nathan

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by September 21, 2021 Financial News

10x founder Steven Nathan joins the BizNews Power Hour to share his insights on the latest developments happening in global markets. China’s second largest property developer, Evergrande, has been the major talking point in global markets due to potential knock-on effects of financial contagion given the real estate behemoth’s $3oobn debt pile. The commodity sell-off is talked about at length, with Nathan outlining the difficulties in ‘calling a bottom’ when it comes to the resource counters given the inherent volatility in commodity prices. Gold as a safe-haven asset in times of turbulence, local banks and Telkom spinning-off its Swiftnet unit are all touched upon. …

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Author: BizNews The Daily Insider

This article was originally posted on BizNews.

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