Shanghai Got Slammed Last Night

It was an ugly night in China.

Flash PMI in April came in a whole point weaker than expected.

That confirms a string of weak data (as well as commentary from companies like Caterpillar) which shows that China is slowing down.

As such, the Shanghai composite got slammed last night, losing 2.57%.

Shanghai Stock Exchange via Bloomberg


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at