And the leader is.... Shanghai Composite with 5.20% gain. Shanghai is the world's best performing stock market this week and seems to relish the PBoC actions around CNY. Will the dragon finally awake and blaze the markets with fire?
Source: Lorkan RK Trading
seems to be muted and tentative after China allowed its currency to strengthen for the first time in four days. The impact of weaker yuan is still a mistery especially its impact on issues connected with Chinese growth, thus the global growth as well, and the impact on the Fed's decision about the first hike. Local emerging markets stumbled, the price of companies that compete with Chinese groups, or have massive sales in China are hit in a significant way.