- Bubble or no bubble, Chinese shares extended a selloff today after swinging wildly in the wake of one of their biggest falls of the year.
- China equity funds have taken in $4.6B from overseas over the past week, according to data from EPFR, more than double the previous high set in the second quarter of 2008.
- Meanwhile, China is reportedly easing its limits on overseas investments by individuals and businesses as it advances its goal to make the yuan a reserve currency.
- The IMF hinted this week that the promotion may happen in 2015, after saying it doesn't consider the yuan undervalued.
- Shanghai -0.7% to 4,589.
- ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY, CHAU