Rumour that China’s ‘National Team’ said to be intervening to buy stocks

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. 

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