No Bounce in China
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The anemic performance in Chinese equities continues this evening even as equities have rallied as much as 10% in the last week in many countries.
click on any chart for sharper image
Asia-Pacific Equities
Australia is up .62%, India 3.14%, Japan 1.8%, South Korea 1.57%, and Taiwan 2.59%.
$SSEC Shanghai Index
$SPX S&P 500 Index
$DAX Germany Equities Index
$AORD Australia Equities Index
There has been some semblance of a bounce in most places one looks except for China. This is not bullish for commodities in my opinion.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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