The Traderszone Network

The global meltdown continues
– currently 19482.87
– -541.71
– -2.7%
– USDJPY 122.90 near session lows
New lows of 19452.28    USDJPY 122.86

The ascent of high-speed trading in the past few years has strengthened the correlation between Treasuries and the futures contracts linked to them, according to research from the Federal Reserve Bank of New York.

Chinese media are describing tonight’s market action as “Judgment Day” for China, as SCMP’s George Chen explains, the crusade of ‘malicious short sellers’ against the Communist central planners and their ‘funds’ is in full swing. The “manage-the-economy-by-technical-analysis” strategy appears to have failed as Shanghai Composite has broken notably below its 200-day moving average – which six times before has been defended aggressively. Chinese Stocks are back at 7-week lows, just off the crash lows in July.

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A closely-watched gauge issued Friday indicates China’s massive factory sector contracted at the quickest pace in six-and-a-half years in August.

Most Asian equities slid to multi-month lows on Friday, after a survey on China’s manufacturing sector slumped to a six-and-a-half-year low.

Most Asian equities slid to multi-month lows on Friday, after a survey on China’s manufacturing sector slumped to a six-and-a-half-year low.

Onlookers gathered on Thursday to watch dead fish wash up near the Tianjin blast site, the New York Times reports.