“They Don’t Want To See A Low Close”: China Is Still Manipulating Their Stock Market

“They Don’t Want To See A Low Close”: China Is Still Manipulating Their Stock Market

Remember how, a couple of days ago, we noted how amusing it would be if China was forced to deploy the infamous "national team" to ensure stocks didn't close red on MSCI inclusion day? Specifically, here's what we said on Wednesday morning: In China, stocks kinda shrugged at the MSCI inclusion announcement. Or at least at first, as the SHCOMP was only modestly higher. It did rally into the close (wouldn’t it be funny if the national team ended up buying stocks just to ensure the benchmark did
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3 thoughts on ““They Don’t Want To See A Low Close”: China Is Still Manipulating Their Stock Market

  1. How about they have learned from us. Our markets are as manipulated as ANY period. The Fed is playing the same game dishing out $$$, buying and selling crap debt on a continual basis to shore up this ongoing ponzi scheme. Central banks are the bane of the world’s markets, dropping everyone into debt they didn’t create but are saddled with under the illusion of growth. It’s just a giant “debt bomb” that will blow-up and bury all of us in a “big ole phat” depression that will go on for who knows how long.

  2. The “magic hand” is just an act and investors are ready to believe that the Statue of Liberty actually disappeared.

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