The stock markets in China today are experiencing a “controlled sell-off”! China’s central bank is pumping more than one trillion Yuan into the markets. It is cutting interest rates and banning short selling until further notice. As a result, after the reopening of the mainland Chinese markets, the sell-off will be limited. However, all this no longer has much to do with a “market” in which, by definition, free price formation takes place. As a result of Beijing’s intervention, US futures are trading higher, which should also help the Dax to start trading. But how sustainable is the manipulation of the markets by China’s authorities? Today important data from the industry and the figures from Google.
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