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Equity Rally Loses Steam As Crude Oil Falls

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Apr 20, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The strong rally in iron prices was of any help to Chinese equities, which slumped substantially in overnight trading. The Shanghai Composite slipped 3.90%, erasing the week's gains, while the tech-heavy Shenzhen Composite fell even more, down 5.19%. The People's Bank of China set the USD/CNY fixing down 0.19% to 6.4579.[​IMG]

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