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1.Market Observations, 8.Was Sticky

28 Aug 2015 (AFR) – China sharemarket about turn as investors see buying opportunity

(28 August 2015, AFR, p29, by Angus Grigg )

‘Chinese stocks snapped five days of losses amid suggestions state-backed funds were in the market buying shares, in an effort to help revive investor confidence. The Shanghai Composite Index jumped 5.3 percent to 3083.6 on Thursday, with all of the gains coming in the last 45 minutes of trade. The government took the opportunity to have a swipe at foreign media for feeding the recent collapse.’

Read more at (might need AFR login access)


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