Chyna just conducted a "Margin Call" on its own markets. (Timing's a bit "odd", IMOO. Timed for NY Open. One do wonder why….)
The Kobeissi Letter
@KobeissiLetter
BREAKING: China places new trading restrictions on domestic and foreign investors as the CSI 1000 index hits a 30% loss YTD.
New restrictions include:
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Limiting investors' ability to short Hong Kong stocks
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Some investors told that they are not allowed to sell their positions
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Some quant funds are completely banned from placing sell orders
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Other quants funds banned from cutting leveraged positions
China's market has officially lost $7 TRILLION in value over the last 3 years.
Is China in a recession?
https://twitter.com/KobeissiLetter/status/1754488591856652291