- Chinese shares sunk back into the red today as traders weighed the level of state support for equities amid concern a slowing economy and weaker yuan will spur capital outflows.
- The pressures in the mainland are also spilling across the region, with Hang Seng officially entering a bear market during the session. The index has now dropped more than 20% from a high reached in April.
- In yuan news: The IMF signaled the renminbi won't be added to its basket of reserve currencies for at least another year, despite many analysts seeing confidence in China's new pricing regime.
- Shanghai -3.4%; Hang Seng -2.4%
- 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