Hong Kong's Hang Seng index is down 3% on the session so far, pulling back after its blistering rally in the wake of stimulus announcement s from China last week.
Nomura is sounding a note of caution in a note today:
- “What has happened in the past week has already reminded us about the epic bubble and burst in 2015,”
- China’s current economic fundamentals are still weak
- “A more sober assessment is required”
