from Zero Hedge:
Following China’s official PMI print at a 3-year low, Caixin’s PMI collapsed to 47.3 – the lowest sinec March 2009. Despite another CNY150bn liquidity injection (but the biggest strengthening of Yuan since Nov 2014 and a financial conditions tightening in FX trading), China, US, and Japanese stocks are plunging… SHCOMP -4%, Dow -280, NKY -340
Japan is now getting worried:
- *ASO: CHINESE ECONOMY HAS BIG IMPACT ON JAPAN ECONOMY
Blood on the streets again in China…
Please follow SGT Report on Twitter & help share the message.