NFC North

Marketmind: China bears are back

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. After a brief respite, China is again caught in investors' crosshairs. The economic data are coming in below expectations, hopes are fading that COVID-19 lockdown restrictions are about to be lifted and the exchange rate is back on the slide, along with sovereign bonds. This is the backdrop against which the central bank makes its latest interest rate decision at the weekend. The economy might warrant a cut to the one-year loan prime rate – currently 3.65% – but the exchange rate doesn't. The yuan fell …