Chinese Rate Hike Crushes Shanghai Composite, U.S. Futures In The Red

World markets are responding to China’s Christmas day rate hike this morning, with the Shanghai Composite down 1.90%.

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U.S. futures are deep in the red this morning as a result of the Asian market selloff.

  • S&P 500 futures down 0.42%
  • DOW futures down 0.36%
  • NASDAQ futures down 0.30%
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