The Shanghai index Move Negative Rushes to poor export and import

Initiate trade shares on exchanges of China Friday (15/16), after the holiday during the week celebrating the lunar new year, the Shanghai Index opened negatively, tracked down-56.97-2.06 points or percent at 2706.52. Attenuation index Shanghai depressedworries Chinese economic slowdown, with export and importgoing down.

See: Shanghai Stock Exchange Ended Down Ahead Of The Chinese New Year Holiday

This morning released the data to the Chinese Export economy January indicators (YoY) that records the results of-6.6%, down from consensus on-1.9% and also from the results of the previous at-1.4%. Similarly, the January data import (YoY) mencatakan results-14.4%, plummeting from the results of the consensus on-0.8% and also from the results of the previous at-7.6%.

China's stock index plummeted 22 percent this year to 5 February stressed concernsthe economic slowdown and weakening of the yuan which exacerbate the outflow of capital. While the country's foreign exchange reserves shrank in January reached thelowest level since 2012, data that was released on February 7, shows.

This morning will be released to the Chinese economic indicators data. Exportsdeclined for the seventh month is indicated in a row, according to the medianestimate in a Bloomberg survey. Likewise, the Balance of Trade is indicated to decrease. iongkok targeting the economy to grow in the range of 6.5 percent to 7 percent for this year, after noting the growth of 6.9 per cent in 2015 the slowest in 25 years.

Forexchair.com estimates on trading the Shanghai index could potentially further weaken the economic slowdown worries depressed limited of China. The index will move in a range of Support to penetrate level 2604-2466 and if the price rose will tryto penetrate the Resistance level at 2755-2910.