Now It’s China’s Turn To Crash: Shanghai Plunges 6.4% Overnight

Now It’s China’s Turn To Crash: Shanghai Plunges 6.4% Overnight:

In recent weeks Chinese stocks remained relatively resilient, levitating quietly day after day. That all changed overnight when the Shanghai Composite plunged by 6.4% with the drop accelerating into the close. This was the biggest drop in over a month and was big enough to almost wipe out the entire 10% rebound from the January lows in one session.

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