The PBOC weakened the Yuan fix for the 7th straight day – the longest such streak of ‘devaluation’ since 2012 – which appears to have helped fuel yet another day of gains for China’s most-levered Shenzhen and ChiNext stock indices (even though the USDollar is losing altitude against Asian FX). At the break we note that the lower beta CSI-300 and Shanghai Composite are diverging lower.