Market Currents
The Shanghai Composite slides 1.3% to close below 2,000 for the first time since the early days...
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Tuesday, November 27, 2012, 7:15 AM ETThe Shanghai Composite slides 1.3% to close below 2,000 for the first time since the early days of 2009, and now off 42% from a mid-2009 peak. Volume remains anemic as well - by one measure the slowest since early 2008. Are things getting too cheap? Mainland-listed A-shares are trading at their biggest discout to their Hong Kong-listed peers since June 2011.
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Doesn't seem like there would be much currency risk here assuming the US dollar peg applies here.