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Asian markets were unsettled as investors worried about the Evergrande crisis, with Evergrande shares falling 4%. The yuan steadied in offshore trade after reaching a three-week low the previous day.
Equity and currency stress tied to Evergrande can weigh on China's growth expectations and sentiment toward commodity demand, though the direct effect on feed prices is limited.
reuters.comTom WestbrookSep 21, 2021After 169 past neutral macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +0.2%), and -0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
