The Shanghai Composite Index Shrinks

Legislative leaders made the rounds on the Sunday Morning News shows, vowing to do their best to get a debt ceiling increase by the time Asian markets opened on Monday, which is 8 PM EST.  That deadline wasn’t met, and that’s one reason attributed to China’s Shanghai Composite Index shrinking nearly 3% Today. At least according to Bloomberg article China’s Stocks Drop Most in 2 Months on Train Crash, U.S. Debt Stalemate.

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