Per some reports, China is moving tanks and 30K military toward their border with NKorea.
They tend to make such moves when a border state shows signs of military conflict.
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Nothing is showing up in Google about troop movements in Beijing.
The specific rumor involved a power struggle between Xi and Li, and the troop movements were in the city of Beijing. Between the Chinese economic meltdown and the recent massive explosions at major plants, maybe the heat is on in terms of a leadership change.
It was THAT specific flavor or rumor that turned the market, nearly on a dime, with less than 20 minutes to go in the day.
Down -204. That’s a swing of over 600 points intraday.
Six days down on the S&P. A coup in China would be a not very good thing globally.
Russian President Vladimir Putin and ROK President Park Geun-hye are among the leaders expected to attend celebrations in Beijing on Sept 3.