I think the market knows how healthy the US economy is. 4% growth in Q2, low 3.7% unemployment rate, labor market near full employment, rising interest rate an

I think the market knows how healthy the US economy is. 4% growth in Q2, low 3.7% unemployment rate, labor market near full employment, rising interest rate and lower corporate tax has encouraged money to flow from emerging markets back to US. Emerging market is experiencing capital outflow very similar to the events preceding the asian financial crisis in 1998. As for China, In 2016, a stunning 68.0 percent of China’s overall merchandise trade surplus related to sales to the U.S. In 2017, that figure increased to 88.8 percent. Trade-surplus countries, as history shows, generally suffer more in trade wars. Looks like Chinese stock market knows this too. Shanghai and Hang Seng down 1.5% on this news. China is the world's worst performer in first half of 2018, down 25% from january peak.