6.7 C
New York
Friday, March 29, 2024

China’s “S&P” Limit Up 10%, Banks Plunge 5% As Xinhua Confirms “Stock Market Stabilized”

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

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%!!

But China Banks are geting hammered…

Who was responsible for the magical levitation? Simple!!

Spot The Difference!

Welcome to the “markets”

Charts: Bloomberg

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,450FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x