INSIGHT: Inauspicious start to New Year

摘要

NEW YORK (ICIS)--Its been a less than auspicious start to the New Year. Weak China manufacturing data triggered a 7% slide in Chinas benchmark stock market and a trading halt on 4 January, along with a repeat on 7 January spurred by another 0.5% devaluation of the yuan, with the pain spreading across the globe.