A China Stock Drubbing Is Happening

China-exposed stuff is getting whooped right now.

Thanks to the earnings warning from China-exposed Cummins engine, investors are punishing others with similar exposures.

Check out Caterpillar, off over 4% right now.

From stockcharts.com:

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Photo: stockcharts.com

And here’s the 10.3% decline in Cummins engine.

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