Following the weakness in Friday's afternoon (China) session, tonight's open is decidedly shaky as Shanghai Composite open down over 2% and CSI-300 (China's S&P 500) is now down over 5%. This follows a year-over-year drop in China Industrial profits (-0.3%), the first since March as the small bounce in April and May is now done. Commodities are lower and silver saw a minor flash-crash shortlty after China opened.
- *SHANGHAI COMPOSITE FALLS 2.4% AT OPEN
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- *CHINA JUNE INDUSTRIAL COMPANIES' PROFIT FALLS 0.3% Y/Y
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Silver saw a mini flash crash...
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But PMs are bouncing back now...
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Charts: Bloomberg
