Replies to post #18983 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[Smilin_B]

Looks like TVIX heading south tomorrow.

Markets likely to remain rangebound; Shanghai Composite up 2%

SI Reporter | Mumbai Jan 08, 2016 08:29 AM IST

Markets are likely to take a breather today after witnessing a steep fall yesterday with Indices hitting 52-week low in an intra-day trade.

The early indicator SGX Nifty has inched up by 5 points at 7,577

Besides, global benchmark oil futures rallied more than 2 % on Friday, following Asian shares higher after Beijing deactivated a circuit breaker mechanism that was blamed for aggravating equity market crash.

GLOBAL MARKETS

Asian shares are on course to post their biggest weekly fall in more than four years as investors dumped risk assets on fears over China's economy and its turbulent financial markets.

China announced late on Thursday it suspended its new stock market circuit breaker introduced only on Monday as the system failed to reduce market volatility, with some market players even saying it backfired.

China's major stock indices rose more than 2% in early trade today after Beijing deactivated a circuit breaker mechanism blamed for aggravating market crashes this week.

The CSI300 index rose 2.4% to 3,371.87 points by 0127 GMT, while the Shanghai Composite Index gained 2.2% to 3,194.63 points.