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Despite Weaker-Than-Expected PMI, Chinese Stocks Stumble

Tyler Durden's picture
Submitted by Tyler Durden on 05/20/2015 22:08 -0400



 

Chinese Manufacturing PMI missed expectations, printing a contractrionary 49.1 (against 49.3 expectatons) for the 3rd month in a row. While this was a small pick up from last month's 48.9 print, it hardly signals 'success' for the various easing efforts unleashed upon an all-knowing investing public. After yesterday's weakness in Chinese stocks, one would think a disappointing PMI was just the ticket to send investors wild with buying in anticipation of more easing, but now, Chinese stocks have erased early modest gains and are fading back...

 

a 3rd month of contraction in Chinese manufacturing PMI...

 

The result - an odd selloff on bad news...

 
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Wed, 05/20/2015 - 22:13 | 6115839 max2205
max2205's picture

Bump

Wed, 05/20/2015 - 22:18 | 6115849 i_call_you_my_base
i_call_you_my_base's picture

Seanonal maladjustment?

Wed, 05/20/2015 - 22:42 | 6115946 Arrowshot
Arrowshot's picture

Secondary seasonal adjustment or it could be the weather.

Wed, 05/20/2015 - 22:58 | 6115997 reader2010
reader2010's picture

BTFD!

Wed, 05/20/2015 - 23:18 | 6116039 Ajax_USB_Port_R...
Ajax_USB_Port_Repair_Service_'s picture

NO! I AREADY HAVE DENTAL FLOSS!

Thu, 05/21/2015 - 00:00 | 6116131 Soul Glow
Soul Glow's picture

Weak PMI?  bullish.

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