First went the Baltic Dry Index (
$BDI, shipping indices), then the Shanghai Comp (
$SSEC), now will $Copper spot and BHP (Iron ore co.) follow? Check out the chart comparisons. As you can see the BDI has been in a downtrend since June and the Shanghai Index broke below some support and the 50day moving average.
Copper doubled since the beginning of the year and BHP has been piggy backing China.
Shanghai is down tonight about 2.80%. Watching to see how Copper and BHP reacts, if it flat lines or breaks down. I think Asia needs reflation jumper cables.
Shanghai Index, Copper, Baltic Dry Index, BHP (Stockcharts.com)
Baltic Dry Index (Stockcharts.com)
Shanghai Composite (Stockcharts.com)
Comex Copper Price (Stockcharts.com)
BHP (Stockcharts.com) 
Australian iron ore stocks in China down 9 pct in mth (
Reuters)
UPDATE 2-BHP Billiton says China iron ore restocking over (
Reuters)
Baltic Dry Index Drops for Eighth Day as Supply Exceeds Demand (
Bloomberg)
