“China’s stocks rose in volatile trade as state-backed funds were said to intervene after a plunge on Monday wiped out $590 billion of market value. Trading was halted on Monday after the gauge plunged 7 percent, triggering new market circuit breakers that some analysts said exacerbated the sell-off. State-controlled funds bought equities and the securities regulator signaled a selling ban on major investors will remain beyond this week’s expiration date, according to people familiar with the matter. The China Securities Regulatory Commission also suggested it’s open to tweaking the circuit breakers, while the central bank conducted the biggest reverse-repurchase operations since September.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Trump boasts his ‘nuclear button’ is bigger, but he doesn’t really have one
Japanese scientists invent ‘privacy visor’ to fool Google’s facial recognition software
British scientists announce breakthrough in turning DNA into data storage
Want to play the market? Count the Fed leak weeks
Eric Holder ‘confident’ of bringing NSA whistleblower Edward Snowden ‘to justice’
Mexico next to fire back in Trump's trade war against U.S. allies
Jordan lawmaker fires Kalashnikov assault rifle at colleague
Walmart Goodies: retail giant goes gourmet
Cardboard officer cuts crime by 67% at Mass. subway stop
Lawyers say case against Kim Dotcom threatens Internet freedom
Here's What It's Like To Buy Drugs On Three Anonymous Online Black Markets
Seeking cheap stocks, chaos no problem? Try Libya
Family of Woman Who Led Cops on Capitol Car Chase Suing Police
Ireland votes to liquidate Anglo Irish Bank
Wind Energy Encounters Problems and Resistance in Germany