From Rob Bush: So, the door has been opened. Just a crack to be sure, but opened nevertheless. We refer to Morgan Stanley Capital International’s (MSCI’s) recent decision to re-label the onshore Chinese A-share market as an emerging market, and therefore include a sliver of these stocks in its main indexes.
From Brad Hoppmann: The major U.S. indexes notched another trio of record closing highs on Tuesday.
Tony Daltorio: Since hitting a high on June 12, the Shanghai Composite Index has tumbled nearly 30%. The recent rout in stock prices, which wiped out nearly $2.4 trillion in market value, was the worst three-week drubbing for the index since 1992.
After providing handsome returns last year, the Chinese equity markets are trading in the red in the year-to-date frame.
NYSE:BABA, NYSEARCA:ASHR, NYSEARCA:FXI
NYSEARCA:PEK, NYSEARCA:FXI, NYSEARCA:FXP, NYSEARCA:CHNA, NYSEARCA:ASHR
NYSEARCA:SYLD, NYSEARCA:QUAL, NYSEARCA:ASHR, NYSEARCA:NOBL
NYSEARCA:FXI, NYSEARCA:FXP, NYSEARCA:PEK