China is slowing down, and economic stats out earlier today were not great (here), but the Yuan doesn't care much.
Mighty Yuan has not closed this strong since mid June.
Needless to say, but the entire China equities fear and the regulatory crackdown is something the Yuan has "digested" well and simply does not care.
Wonder if equities will start to care about the Yuan?
Chinese high yield ETF, KHYB, has held up well, and despite the KWEB attempting to catch up, the gap between the two remains large.