China Is Now Intervening To The Tune Of ‘Billions’ In The Stock Market And That’s Not All

China Is Now Intervening To The Tune Of ‘Billions’ In The Stock Market And That’s Not All

On Monday, following a late-session rally in the Shanghai Composite, it was obvious the vaunted "national team" or other state-backed buyers were in play once the beleaguered benchmark hit 2016 lows. The SHCOMP's closing low in 2016 was 2,655. Yesterday, when stocks hit that apparent line in the sand, "someone" engineered a rally. That continued on Tuesday, with Chinese stocks rising further, buoyed by a weaker dollar following Trump's renewed attacks on Jerome Powell, cautious optimism around
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