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[Nolerman]

Chinese Stocks Surge Then Tumble At The Close, Stun Market News Algos; Futures Levitate On Back Of USDJPY

http://www.zerohedge.com/news/2015-09-07/chinese-stocks-surge-then-tumble-close-stun-market-news-algos-futures-levitate-back-

"we are quite concerned what will happen tonight when this time US stocks will open shortly after China's latest horror show.
That said, the biggest news out of Asia had nothing to do with its market, and everything to do with the PBOC's confirmation China saw a record $94 billion in reserve outflow in August (precisely in line with our post from 2 weeks ago, the one that started it all: "Devaluation Stunner: China Has Dumped $100 Billion In Treasurys In The Past Two Weeks"). We will have much more to say on this shortly in a follow up post."