Shanghai Composite Hits Lowest Level Since May

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China’s Shanghai Composite index got walloped overnight – falling 6.7% – and reaching it’s lowest levels since May, reports the Wall Street Journal. Flash Player 9 or higher is required to view the chartClick here to download Flash Player now View the full INDEX:SSEC chart at Wikinvest Could China be leading the broader markets down? […]

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Earlier this week, Chinese officials commented that they will continue to buy US Treasury bonds, because they have no other viable vehicles to park their cash. From the Financial Times: Luo Ping, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: “Except for US Treasuries, what can you hold?” he […]

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Over the weekend, China announced a $586 billion “stimulus plan” for its slowing economy. China is in a precarious position as the world economy grinds to a halt. Out of it’s 1.3 billion people, most have not participated in the economic boom the greater country has experienced. Let me know if this sounds familiar – […]

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