Put on Your Red Shoes and Dance the Blues

Put on Your Red Shoes and Dance the Blues

12 January 2016, 20:56
Francis Dogbe
0
406
Chinese shares continued last week's plunge, with the Shanghai Composite off 5.3% and the Shenzhen Composite falling 6.6%. Both indices closed on their lows. With the apparenthelp of officials, the onshore yuan strengthened, though the real squeeze was in the offshore yuan, which strengthened by nearly 1%, the most in four months. Excluding the Japanese markets that were closed for a national holiday, the MSCI Asia-Pacific Index shed about 1.8%. However,.......
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