- *CHINA’S SHANGHAI COMPOSITE INDEX FALLS 0.6% TO 3,687.36 AT OPEN
- *FTSE CHINA A50 INDEX FALLS 2%
Amid the highest level Typhoon warnings, China’s stock market continues to storm as only 49% of Chinese stocks are halted (down from 54%) as local analysts fear yesterday’s bounce (just like last week’s) was nothing but a dead cat bounce: “bounces like today prolong the timeframe to get that final bottom in place.” For the 14th day in a row margin balances declined with the pace acce