Some trader chatter about of China’s state funds etc in the market to support stocks.
- The rumour is unconfirmed as yet
- the Shanghai Composite has managed to turn positive for the session, only barely, +0.2% as I update
Another thing to not discount too much is the impact of US stimulus payments to consumers. A lot of the spending will go on goods made in … you guessed it, China … a substantial benefit to Chinese exporters.