GENEVA, SWITZERLAND – The Chinese stock market fell by 3.5 percent in two days but rallied Tuesday and NASDAQ reports that analysts are expecting Wednesday trading to end flat. Asian markets, like others, are waiting to hear what US Fed boss Ben Bernanke says Friday. “The global forecast for the Asian markets again suggests little movement, with traders likely remaining reluctant to make any significant moves ahead of remarks by Federal Reserve Chairman Ben Bernanke at the Kansas City Federal Reserve’s Jackson Hole symposium on Friday. Many traders expect the Fed chief to address the possibility of further quantitative easing. The European markets were down and the U.S. bourses were mixed but little changed – and the Asian markets figure to split the difference.”
But Bloomberg links the fall to lower profit reports this week for a number of key Chinese companies, including Air China.