China On Brink Of Bear Market As State Rescue Fails

China On Brink Of Bear Market As State Rescue Fails

An already tenuous situation in mainland Chinese equities deteriorated further Tuesday despite state intervention to stop the slide. At one juncture, the CSI 300 dropped another 3.2% on top of Monday's steep losses, taking the decline from last month's highs to some 15%. It's a remarkable slide. To reiterate, the gauge was perched at its highest levels since 2007 just two weeks back. Just as the bottom appeared poised to fall out in earnest on Tuesday, China's plunge protection team stepped i
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3 thoughts on “China On Brink Of Bear Market As State Rescue Fails

  1. The only worse optics than CSI 300 tanking during NPC is for it it to then be “saved” by a tech bounce and rate moderation in the US, especially after a failed intervention locally.

    Perhaps Comrade Xi could be persuaded to comment on that? 😉

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