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Wednesday, February 15, 2012

Big Drop in Foreign Direct Investment in China

Data released in post-market hours tonight shows a big drop (which has dipped into negative territory) from the prior month's release, in foreign direct investment in China, as shown on the graph below.


We'll see if 2350 holds as near-term support on the Shanghai Stock Exchange Index, or whether price falls back to the the 50 sma at 2272, as shown on the Daily chart below.