06 Feb China intervenes as post-Covid stock rout reaches US$5 trillion and regulator heightens scrutiny reminiscent of 2015 crash
Posted at 05:44h
in Asia
China’s state-run funds have stepped in to shore up stock prices, as regulatory authorities struggled to overcome “uber-weak” confidence among global investors after a rout in Chinese stocks that plunged the market this week to the lowest level since 2019.The funds, often dubbed the “National...