China fears loom large over markets as investors await Fed at Jackson Hole

SINGAPORE - Nervousness over rising bond yields and the prospect of more rate hikes weighed heavily on investor sentiment last week, sending markets to their lowest levels in over two months. But looming large over all is China’s sputtering economy, where deflation and the prospect of

a property sector collapse

have become real and imminent dangers.

All this despite a remarkably resilient US economy and clear signs that inflationary pressures are easing all around the world.