Chinese Stocks Drop Despite Officials Confirming “Stock Market Rout Stopped By Timely Measures”

After two days of deleveraging and a squeeze into the expiration of CSI-300 Futures pushing Chinese stocks higher, the grandmas and farmers have decided now is an opportune moment to once again start adding margin debt. Who is to blame? Simple – Chinese officials have confirmed that “theSTOCK MARKET rout is over thanks to their timely measures.” Futures opened modestly higher but are fading as the cash open looms…
Rest assured world…

This post was published at Zero Hedge on 07/19/2015.