Monday, 24 August 2015

China mkt slumps again despite pension fund entry cushion

China major stock indexes collapsed on Monday morning, with traders saying market disappointment over the lack of a liquidity move by the central bank during the weekend triggered a fresh selloff. 

Main indexes tumbled more than 11 percent last week as investors began to worry that the central government was backing off on plans to prop up the market.

 The worry was aggravated by a strong injection of short-term liquidity into the interbank market that many read as a substitute for deeper easing.

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