U.S. indices are poised for another woeful session on Thursday after circuit breakers were once again triggered in China overnight, the knock-on effect of which has pushed global equity markets deep into negative territory and prompted a surge in safe haven flows.
The year has got off to a dreadful start driven primarily by activity in Chinese markets, where the Yuan has weakened dramatically and equity market trading has ceased for a second session after the CSI 300 index fell more than 7%. The move took only 15 minutes…
Safe Havens King as China Weighs on Sentiment
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