In China, the Shanghai Composite endured its worst week since October, demonstrating the influence that Beijing continues to yield over its markets. The index lost 5.6% for the week after the government signalled that it would pare back support for the economy amid evidence of a recovery.
The index has lost all its gains after breaking out of a bull flag earlier in the year; it has retraced back to ~3,080 support levels.
The index has lost all its gains after breaking out of a bull flag earlier in the year; it has retraced back to ~3,080 support levels.