Scoreboard: China bears

Wall Street closed in the red as concerns over the Chinese economy and events in Crimea continued to weigh.

Chinese economic concerns and lingering uncertainties on the Crimean peninsula weighed on markets last night. Sentiment wasn’t helped by the absence of any hard-hitting macro data either -- there wasn’t a lot of good news. Investors instead focussed on a run of bearish China news -- first corporate bond default, a plunge in exports, weakening iron ore prices, slowing (modestly) credit growth etc. China bears are in the ascendency.

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