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CHINESE EQUITIES BREACH APRIL 2009 LOWS

Chinese equities tumbled over 3.4% overnight as leading indicators disappointed and deepened fears that Chinese growth is slowing. The index is now off 30% from its 2009 highs and over 21% this quarter.  As we have noted previously, Chinese equities have proven to be a reliable leading indicator in recent years.  Investors would be wise to take note of the action abroad.

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