Chinese Stock Short Squeeze Stalls After IMF Delays Decision On Yuan SDR Inclusion

Yesterday afternoon’s meltup short-squeeze in China – after regulators announced their latest restrictions on short-selling – has stalled in the early trading tonight following The IMF’s decision to delay inclusion of Yuan in the SDR pending a review in September 2016. Though this will be a disappointment to the Chinese, the door is still open though given waringse from BMW and Toyota over “normalizing” auto sales, the market problems may be morphing quickly into economic problems.
Chinese stocks see a modest lift at the open…

This post was published at Zero Hedge on 08/04/2015.