Marketmind: Try to top that one, Asia
Asian markets have a tough act to follow on Monday - their own.The Shanghai SE Composite, the blue-chip Shenzhen, theand the broader MSCI Asia Pacific index all enjoyed their biggest weekly percentage gains in five, while the posted its largest week-on-week advance since June.
"Clearly, we've seen a significant slowdown in the Chinese economy the last couple of months," said Ryan Detrick, chief market strategist at Carson Group in Omaha."The government is pulling some levers to bring economy back, but they need to do more, and their consumers need to show more confidence than they are currently showing."
This, even as Typhoon Haikui barreled into southeastern Taiwan, prompting the evacuation of thousands.
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