China’s indices opened more than 6% lower today, with the benchmark Shanghai Composite closing 7.6% down to end at an eight-month low, keeping HNWIs on their toes. The losses suggest an extension of Monday’s rout where the index fell as much as 8.5%, its worst plunge since 2007. The Shenzhen Composite finished 7.1% down. As a result, private banks have had…
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