When severely beaten-down markets get the slightest bit of good news, watch out. Shanghai soars...
When severely beaten-down markets get the slightest bit of good news, watch out. Shanghai soars nearly 4%, first getting a pop from yesterday's big rally in the West, and then a jolt from Beijing's roll-out of major road building plans. Chatter grows about further action - possibly a reserve ratio cut - over the weekend. FXI +2.1% premarket.
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