Just watching and listening to bloomberg tv comments on Chinas Evergrande default and makes me scared. Iam the only one?

It is the reason for the sell off this week. Global markets, Kenya included.

https://www.businessdail...y-loss-since-may-3558332

Like wheelbarrow movement

It most likely will have an effect on the price of commercial bonds issued by companies in emerging and developing markets. Evergrandes bonds are now trading at 30 cents to the dollar. Other Chinese home builders are also more or less heavily indebted. If international institutional investors for a moment in time deem emerging and developing markets as risky, we shall see an outflow of international investors. They will be selling safaricom, equity, KCB, EABL and Coop. These are the ones they mainly hold, so watch the price action on these 5.

Time horizon to watch the price action.

Interesting fact – Evergrande’s total debt $300 Billion. Our NSE total market cap $25 Billion. Goes to show just how much Evergrande is indebted or conversely just how tiny our NSE is.

Our economy is tiny and our revenue collections equally tiny,but we are borrowing as if we are competing with the big boys.

https://www.cnbc.com/202...ment-chinese-media.html

Evergrande makes an interest payment for an offshore bond that was due in September to beat the 30 day deadline that expires on October 23.