The Tuesday surge in the US was pre-empted by Chinese intervention in stock markets in China yesterday.
The Chinese ‘national team’ (State funds leading) bought heavily as Chine3se indexes slumped, as posted in real-time here during the Asia timezone.
Stay tuned to see what they do today! Its going on to 5.30am in China right now, the State fund traders are mainlining coffee in preparation for a big Wednesdayt!
The turnaround in the CSI300 as posted in yesterday’s Asia wrap: