Saturday, June 18, 2011

Chinese Market Breaks Down

by Bespoke Investment Group

Like the US and the rest of the world, China's equity market has performed horribly over the last month and a half. Today, the Chinese stock market really took a hit when the widely followed Shanghai Composite broke below key support to trade at a fresh 2011 low. The six-month price chart of the Shanghai Composite shown below looks pretty awful right about now.



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