- Chinese stocks started the week in negative territory, with the Shanghai Composite falling 1.3% on the next round of tariff threats in the Sino-U.S. trade battle.
- Considering still-tight liquidity, the benchmark index could fall below 2,638 points, seen as a key psychological level since early 2016.
- China’s state media also lashed out at President Trump, accusing him of "starring in his own carefully orchestrated street fighter-style deceitful drama" and warning it was prepared for a "protracted war."
- Shanghai -1.3% to 2,705.
- Previously: Latest rhetoric in U.S.-China trade war (Aug. 05 2018)
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: China's Eurobonds
Original article