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
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