China…
3 of the top 10 best performing world equity indices in August are from China with HSCEI the best overall, gaining 6.5% in local currency terms. We find this move in China interesting as officials start to sound the alarm over the real estate market and need an outlet for that hot money flow… back into stocks – to avoid major currency weakness.
This post was published at Zero Hedge on Aug 31, 2016.
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