12.08.2015 - ETFs to Move on Yuan Devaluation
China has been hitting headlines this year for one reason or the other. While the economy has been reeling under pressure for long given the protracted slowdown in the domestic manufacturing sector, credit crunch concerns and a property market slowdown, its stock market has been through a wild ride on overvaluation concerns. Meanwhile, the economy's exports plunged 8.3% year over year in July massively falling short of analysts' expectation of 1.5% decline as well as the 2.8% drop-off recorded in June. Though 1.3% fall in exports to the U.S. was not that alarming; exports plummeted 12.3% and 13% in the EU and Japan, respectively...............................................Full Article: Source
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