While you were sleeping: China, Korea, oil worries

Wed, 06 Jan 2016

By Margreet Dietz Jan. 7 (BusinessDesk) - Wall Street fell as oil prices dropped below US$35 a barrel for the first time since 2004, while North Korea claimed a successful test of its first hydrogen bomb, and China’s central bank intervened again to weaken the yuan. “This is risk aversion right now,” Benjamin Dunn, president of Alpha Theory Advisors, told Bloomberg. “This is like a replay of the same things that moved the markets in August. We’re perhaps getting confirmation that China is as bad as people think. We’ve lost the tailwinds...

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