2. From the Hong Kong side, global funds can buy Shanghai-traded stocks via a relatively new link. So far, about $20 billion went from Hong Kong to Shanghai. The target amount is twice that. The ISHARES CHINA 25 ETF (FXI) was up over 6% today.
3. The head of the People's Bank of China, Zhou Xiaochuan, said economic growth had slowed more than expected. Therefore, you can bet there will be further stimulus.
4. The central bank lowered the minimum down payment requirement for second home buyers from 60% to 40%.
5. Zhou also said something very powerful: regulators will have room to act with both interest rates and "quantitative easing”. In other words, they are ready to push interest rates way down.
All this caused massive short-covering, together with investment buying domestically and from abroad..."
at http://kingworldnews.com/this-major-market-just-experienced-the-equivalent-of-a-black-swan-event/
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