China Could Be Breaking Out Lower, Sending Bearish Message To World Stock Markets

2022.09.20 18:01

[ad_1]

The global equities market has been in a tailspin this year.

But could it get even worse?

Today we look at a critical piece of the global equities complex: China.

FXI Monthly Chart

Today’s monthly chart of the iShares China Large-Cap ETF (NYSE:) highlights the risk that China may be breaking below a 10-year price range (blue shade area). It is already trading below, but we’ll have to watch the monthly close. Further selling would indicate a retest of the 2009 lows is underway.

This may explain the recent bubble up in volatility. Will there be big trouble for big caps in China? Stay tuned. 

[ad_2]

Source link