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JUN 25, 2013 - TheStreet

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Global Macro: Dose of Chinese Medicine

NEW YORK (TheStreet) -- If the potential removal of U.S. monetary stimulus wasn't enough of an excuse to sell riskier assets, this past weekend The People's Bank of China tightened liquidity measures, and on Monday, equity, commodity, and currency markets weakened to levels not seen since the beginning of the year. The first chart below is of iShares FTSE China 25 Index Fund over Vanguard Total World Stock Index ETF. The chart measures the relative strength of Chinese equities versus a basket of world equities. The pair has broadly sold off through much of 2013 as growth concerns, as ... Read More

Tags: Global Macro: Dose of Chinese Medicine,  Commodities Latest News