Bloody hell that is a big gap! You can't not trade it. I am up 450pts and climbing. Read Cees Bruggeman's article on all of this China business. Excellent stuff which puts things nicely into perspective. We all know the Chinese fudge their numbers, the only question is by how much. If a little, then we are looking at Chinese growth of maybe 5% - we can live with that. If a lot... then 2% seems more likely, which will mess the global order up a little bit, because Chinese stock markets are still trading at 60 times PE's, US indices have priced in some big growth going forward and there are a helluva lot of funds with a helluva lot of money stuck in China which they can't get out (thanks to pre great depression style government intervention into the stock market).