The Rising Influence of Rising Affluence

[DewDiligence]

(China’s stock market)—Maybe #msg-118762159 was premature:

http://www.wsj.com/articles/stronger-dollar-drives-asian-markets-this-week-1448590938

China shares fell 5.5% Friday, the biggest daily slide since August, as authorities intensified their crackdown on the securities industry.

The market’s swift fall signals that officials’ efforts to snuff out trading practices they deem suspicious or volatile could be backfiring, as investors who are struggling to predict Beijing’s next move—and who might be affected by it—opt to sell their shares.