at Nasdaq.com (Mon, 11:11AM)
FXI slumps 2.8% premarket after the PBOC signalled it sees no reason to step in to ease a...
FXI slumps 2.8% premarket after the PBOC signalled it sees no reason to step in to ease a liquidity crunch in the financial system, and the Shanghai Composite dove 5.3% overnight. Veterans of central bank-speak know the drill - 1) act tough 2) act tough some more 3) cave. It's worth noting benchmark money market rates tumbled for a 2nd consecutive day, the overnight repo rate off 196 bps to 6.47% (it had been near 13% two sessions ago). Tracking the Shanghai Composite a bit more than FXI might be CAF and it's off 18% in a month compared to 12% for FXI.
From other sites
at MarketWatch.com (Jan 12, 2015)
at Investor's Business Daily (Jan 8, 2015)
at MarketWatch.com (Jan 6, 2015)
at Benzinga.com (Dec 31, 2014)
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