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How To Trade China's Surprise RMB Depreciation

Rio Tinto Plc NYSE:RIO, BHP Billiton plc NYSE:BBL - How To Trade China's Surprise RMB Depreciation

China’s surprise decision to devalue the Renminbi caught global markets off guard this week. However, now that Wall Street has had time to digest the move, several analysts have weighed in on ways to trade China’s decision.

Here’s what Deutsche Bank has to say.

Airlines

Analyst Vincent Ha believes that the 13-17 percent drop in Chinese airline stocks following the move is overdone and that the core of their businesses remains strong. “We think that any excessive weakness in share price could be a...


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