Shanghai Dives In Its First Day Back, India Hammered, US Down

A fairly ugly start to the Chinese New year.

First of all, after sitting out the last several days, Shanghai fell just under 1%.

More dramatic was India, which lost ANOTHER 1.45%, and is now at its lows for the year.

US futures are sliding modestly.

Ominously Bombay’s SENSEX once again lost big in late-session trading.

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