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Chinese stocks have broken below a.....>

CHINA STOCKS
CHINA STOCKS: Chinese stocks have broken below a number of key support levels
today. The CSI 300 has lost the 3100 level and is testing yesterday's lows
around 3060. The Shenzhen Composite was unable to build on yesterday's late-day
ramp, giving up yesterday's lows to target the 2500 level. 
- The Hang Seng is also under pressure with Tuesday's lows in sight following
the break below 25400. 
- Weakness in equities has not translated into lower rates, with the 2-year swap
keeping to its tight range, currently at 2.89%. A break lower in rates would
likely be a trigger for the 6.94 level to give way in USDCNH. 

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