A likely hard landing in China will bring the financial crisis of the past five years to a climax in 2012, a leading City strategist has warned.
A dire German bond auction rocked markets overnight, with Japan's Nikkei index hitting its lowest level since April 2009 as fears deepened over the eurozone crisis.
Speaking to investors today following the six-month results of his Fidelity China Special Situations trust, Anthony Bolton explained why the trust has struggled, with net asset value falling 29% over the six months to 30 September.
Legendary investor Anthony Bolton has said his optimism on China has been "severely tested" after the sell-off in September hammered share prices, while his trust saw its NAV fall 29% over the last six months.
Japan's economy rebounded in the third quarter, growing for the first time since the catastrophic earthquake in March.