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Chinese (FXI) and Hong Kong shares recover smartly from an earlier pounding on rumors of a press...

Chinese (FXI) and Hong Kong shares recover smartly from an earlier pounding on rumors of a press conference in which the PBOC will raise the white flag to China's "feral hogs." However, as Zerohedge points out, the party mouthpiece, the "China Daily," wrote an oped today saying that the sell-off in shares demonstrates that the government is prepared to continue its painful but necessary reforms. China -0.5%, Hong Kong (EWH) +0.5%.
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