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FTSE shake-off despite volatile China

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FTSE shake-off despite volatile China by Ipek Ozkardeskaya China woke up to another stormy dayin equities. Asian stocks opened the week with another wave of dramatic sell-offs; Shanghai’s Composite tumbled by 5.33%, while the Hang Seng wrote-off 2.57%. ‘Interbank yuan lending rates in Hong Kong climbed to records across the board after suspected intervention by PBoC last week mopped up supplies of the currency in the offshore market’ according to Bloomberg News. This shakiness in the Chinese

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