RSS China's main stock exchanges reportedly asked large mutual funds to restrict stock selling

Currently reading:
 RSS China's main stock exchanges reportedly asked large mutual funds to restrict stock selling

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
10,946
Likes
1,923
Credits
33,627©
Cash
0$
Well, that perhaps explains the marginal decline today as opposed to the ugly start to the new year from last week. It is being reported that at least four large mutual funds have received calls from the Shanghai and Shenzhen stock exchanges since Thursday and Friday last week, asking them to buy more stocks than they sold each day.

One of the sources added that "such guidance has a tendency to become regular", noting a similar request made around the start of last year. From last week: It's been a real rough week for Chinese stocks

This article was written by Justin Low at www.forexlive.com.
 
Status
Not open for further replies.
Tips
Top Bottom