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Chinese Indexes Trade Sideways: Is It the Calm Before the Storm?

Chinese Indexes Trade Sideways: Is It the Calm Before the Storm?

Although the S&P 500 and other American indexes fell sizably yesterday on Powell’s less-dovish tone, China’s key indexes remained sideways today after opening lower and gaining in early trade. The Shanghai Composite Index dropped 0.2%, while the Shenzhen Component ended flat. The CSI300 Index lost 0.18%.