Market Update – China Stimulus - Emerging Money
Despite the China’s Central Bank cutting Requirement Reserve Ratio (RRR) along with the amount banks are required to hold in reserves, China’s Shenzhen dropped 5.78% to 13,588.27. The ChiNext Index dropped even harder to 2,689.68 or 7.90%. The ChiNext is a tech heavy index similar to the U.S. NASDAQ 100 Index. I’m using [...]