Presented with little comment aside from a snarky glare as Xinhua’s headline “After a roller coaster rush since July 2014, China’s stock market has stabilized and risks have been released to some extent, the securities regulator said Sunday.“ CSI-300 was limit up 10% shortly after the open, then was hammered 5% lower. CSI Banks Index is down 5% and Shanghai Composite was not as easily manipulated and is down 0.5%!!
Click on picture to enlarge
But China Banks are geting hammered…
Click on picture to enlarge
Who was responsible for the magical levitation? Simple!!
Spot The Difference!
Click on picture to enlarge
Welcome to the “markets”
Charts: Bloomberg
Leave A Comment