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Old 01-28-2008, 04:56 PM
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Re: Fxi
Looks like I got in too early on FXI. Last night Asian markets tanked. Shanghai lost over 7%. And explanation I heard on CNBC World was that it was due to the US markets closing lower on Friday. I heard no China specific reason, like poor economic number from China causing the sell off. So today my plan was that if markets close lower then I might close this trade. But today markets closed significantly higher. Will that mean that China will follow US markets and have big gains tonight?

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