The threat of bankruptcy of the largest Chinese developer collapsed stock and commodity markets

Yesterday, shares of Chinese and Chinese-related companies in global markets collapsed on news of the possible bankruptcy of one of China's largest real estate development companies, Evergrande, which deals in real estate and has a total debt of more than.305 billion.

Shares of Evergrande devalued by 30% in a few days, followed by shares of other development companies that fell in price. For example, shares of another Chinese developer Sinic Holdings Group Co. During the day, we lost 87% of the cost.

All stocks and stock indexes reacted to this situation on world stock exchanges with a sharp drop. The main index of the Hong Kong Stock Exchange, the Hang Seng, fell by 3.5% yesterday. European stocks fell 1.8%, while in the US, the Dow Jones index fell 1.8%, the S & P 500 - 1.9%, and the NASDAQ – 2.4%.

Additionally, stock markets are under pressure from investors ' concerns about a possible tightening of US monetary policy to contain inflation, a decision on which may be made this week at a meeting of the Federal Reserve system.

The CBOE Volatility Index is also growing and has already reached 28.4 points, crossing the indicator on July 19, when it was 24.75 points.

Analysts at Goldman Sachs and Morgan Stanley inform their clients about the risk of a 20% drop in the S&P 500 index (the share price of the 500 largest US companies) amid a gradual tightening of monetary policy, a slowdown in the US and European economies amid a rapid rise in energy prices, as well as the debt crisis in China.

At the Chicago SWOT, soybean futures fell sharply yesterday by 1.7%, soybean oil – by 2% and corn-by 1% amid a possible reduction in demand from China, which is already significantly lower than last year, when purchases of American soybeans reached a record level.