- China moved to shore up shaky sentiment today following a stock rout that rocked global financial markets on revived concerns about the country's economic slowdown.
- The PBOC flooded its banking system with 130B yuan ($19.95B), marking the largest cash injection since September, while traders suspected it was also using state banks to prop up the yuan at the same time.
- Other efforts: The China Securities Regulatory Commission announced it was planning new rules to restrict major stakeholder share sales and said it would further tweak its circuit breaker mechanism.
- Shanghai -1.4% to 3,250.
- ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CXSE, FCA, CNXT, CHNA, CHII, CHIE, ECNS, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY, XINA, CHAD, ASHX, CHAU