Overview
Profit-taking, perhaps spurred by disappointing retail sales figures, sent Chinese equity markets down by 4.5-5.2% today, the most since early February. It appears to be triggering a broader setback in equities today. The Hang Seng fell 2%, and most other markets in the region were off less than 1%. India was bucking the trend in late turnover. Europe's Dow Jones Stoxx 600 was off around 0.75%, and the 200-day moving average that stymied it last month had been approached yesterday. US shares are trading heavily as well. The S&P 500 gapped down in early