Chinese Stocks Slump To 2018 Lows As LatAm Markets Soar

Zero Hedge -

Zero Hedge—Authored by Steven Vannelli via Knowledge Leaders Capital blog, Last night the China Shanghai CSI 300 index fell a bit more than 1.6%, taking out February lows and setting a new YTD low for the index. This is important since the global equity markets have a very high correlation to Chinese stocks. In the chart below, I compare our KLSU Americas Index (top 85% of developed market cap, USD) to the China CSI 300 Index (in USD). With a correlation in excess of 80%, this suggests that Chinese stocks...

EMERGING MARKETS-LatAm currencies slump as U.S. bond yields test 3.... By Bruno Federowski BRASILIA, April 25 (Reuters) - Latin American currencies resumed their slump on Wednesday as yields on U.S. bonds rose past the 3...