China's Shanghai Composite is down 22.8% from its late-January peak - officially entering its 4th bear market in 3 years - as Trade Wars (for now) are weighing heavier on China than US markets.
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SHCOMP is down 45% from its highs in June 2015
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Year-to-Date, the more tech heavy Shenzhen Composite is the worst performer...
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And TATS (Tencent, Alibaba, Taiwan Semi, Samsung)are notably underperforming FANG (Facebook, Amazon, Netflix, Google) for now...
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And while China has dramatically underperformed US markets this year, judging by the last two days, perhaps the global trade war contagion has finally washed ashore in America...
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Meanwhile - USDJPY has erased all of its Navarro-bounce...
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And offshore Yuan continues its tumble/devaluation...
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'Weaponized' Yuan is now down over 5% from March highs...
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