Sep
10
China’s Stocks Nearing 2016 Low Have Asia Markets on Knife Edge
By-
Shanghai Composite close to breaching key technical level
- Index making “lower low” would be negative signal, says Maley
China’s sinking stocks are on the verge of an unwelcome milestone.
The Shanghai Composite Index fell 1.2 percent on Monday to within 15 points of where it bottomed out in 2016. If the measure drops further, it’ll be trading at the lowest since November 2014, before the nation’s stock boom and subsequent $5 trillion bust…
China’s Stocks Nearing 2016 Low Have Asia Markets on Knife Edge