Chinese equities supported by verbal intervention
This was Eamonn's comment on it on his wrap
Ahead of Chinese stock markets opening we got a concerted effort from the PBOC and the banking regulator to talk up the market, how sound the fundamentals are, all the regulatory and policy changes being implemented to make China a screaming buy, you know, the usual prop up efforts. The CNY mid rate setting was another weak one for the yuan, to its lowest since January 4 of 2017.
