No Bounce in China

The anemic performance in Chinese equities continues this evening even as equities have rallied as much as 10% in the last week in many countries.

click on any chart for sharper image

Asia-Pacific Equities



Australia is up .62%, India 3.14%, Japan 1.8%, South Korea 1.57%, and Taiwan 2.59%.

$SSEC Shanghai Index



$SPX S&P 500 Index



$DAX Germany Equities Index



$AORD Australia Equities Index



There has been some semblance of a bounce in most places one looks except for China. This is not bullish for commodities in my opinion.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List