After Rally, Shanghai Up Nearly 7.5% From Its Lows

On the way down, there was plenty of chatter about the Shanghai Composite becoming a useful leading indicator for the US market.

If you put any weight into that idea, then you should be paying attention now to what could be the start of a rebound. It ended up Monday about .8%, and at its current level of 2490, it’s 7.3% off its recent lows.

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Photo: Bloomberg

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