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Global equity markets failed to resume any kind of strong rebound following Tuesday’s surge. Asian equity indices are deep in the red today with Chinese stocks leading the decline. The Shanghai Composite dropped by 2% while the CSI 300 fell 1.5%. The selloff in Asia comes after a turbulent session on Wall Street where the Dow Jones Industrial Average, S&P 500, and the Nasdaq all fell heavily at the beginning of Wednesday’s trading session but all managed to close well above their lows. If earnings were the key factor driving investor decisions, stocks should be rallying by now.... Read More
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