OK, but which way do you read that? Do the markets 'like' the effect the currency bill might have (presumably by forcing the Chinese to strengthen the yuan vs the dollar), which in turn will make all companies that get their revenues in yuan stronger in dollars? If y, then yesterday's rise makes sense. Or do you think the market fears a trade war, and thus is knocking china stocks down today because Sen McConnell's filibuster failed yesterday?
Basically, would passage of this legislation make Bidu go up or down?
fwiw, i posted more extensive comments and analysis in a different thread earlier today titled "Chinese Currency Bill and How We Might Profit." I honestly still don't know if the market for China companies 'likes' or 'dislikes' this legislation. Does anyone else have an opinion? I'm flying in the dark on this one.