You buy DAX for more than the China play, but DAX is a big China play, and the recent Yuan implosion is starting to look rather extreme. We agree with BofA's latest hedge logic for Europe, especially as the chemicals sector is very <a href="https://themarketear.com/posts/cVWXYyKOGo" rel="noopener noreferrer" target="_blank">shaky</a>.
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