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Year to date, the Shanghai index is down over 6%, while the S&P 500 is up 12%. The Shanghai index is breaking below a 20-year support line at (2) above, does this index matter anymore?
The Hang Seng Index has performed much closer to the S&P 500 index YTD, up over 10% on the year. Is this index a better reflection of what is taking place in region?
Should investors ignore the Shanghai index’s weakness? Stay tuned!