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VCSC Daily - Market takes another hit from the China turmoil

The Chinese market seems to be even more troublesome as its main index, the Shanghai Composite, slumped as much as 2.8% in early trading today. This not unexpected but still was overly negative dragged the boarder Asian market down into the red with Japan's Nikkei, Hong Kong's Hang Sheng and South Korea’s Kospi down 2.7%, 1.6% and 0.9% respectively. Despite the fact that the Shanghai Composite reversed course during the day to gain 2% by closing, the damage had been done for others indices,