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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CHINA
- According to ‘China Daily’ Economic news, reporters were told that regulatory authorities are ‘mulling measures to jointly crackdown on malicious short sellers’, which officials have viewed as one of the factors behind equity weakness (source familiar with the matter).
- China officials have been desperately trying to stabilize the stock market, which has been constantly reaching new lows in the past year, down over 40% from peak to trough before the positive bounce on Wednesday.
- Other negative drivers of the Chinese equity market in the past year has been the Covid uncertainty, renewed crackdown fears and geopolitical uncertainty.
- The Hang Seng index is up over 10% since Tuesday’s low, trading back above the 20,000 level.
- Alibaba share prices were up nearly 20% in pre market trading in the US.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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