China State-Backed Funds Intervene to Stabilize A-Shares After Tech Selloff – BNY
BNY's Geoff Yu notes that Chinese regulators and state-backed funds have stepped in to support A-shares following global tech deleveraging.
SHCOMP
Bank of New York Mellon analyst Geoff Yu highlighted that China's national team, including regulators and state-backed funds, has intervened to stabilize domestic A-shares. This action comes after a global tech deleveraging negatively impacted the market. The support is aimed at curbing further declines and restoring investor confidence.
Source: FXStreet Forex News