by Chris Becker
Closed on Thursday and Friday for celebrations and a big-ass military parade (because why not), today is the last day to trade Chinese shares for the week, which may give overseas traders some breathing room.
Although the Shanghai Composite looks set to open down over 4% this morning, so maybe not…
In other news, authorities have started to ban 3rd party margin lending accounts (i.e outside the official brokerage houses) and have started to re-finance many brokerages in anticipation of further reinvestment in blue chip stocks to halt the terminal slide of the bourse.
Yep, that’ll work. All praise the A-shares!
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