Investors brace for ugly start to post-holiday trade in China

SHANGHAI/SINGAPORE - Investors are bracing for a potential plunge in Chinese markets on Monday when onshore trade in stocks, bonds, yuan and commodities resumes following the Lunar New Year break and a steep global selldown on fears about the spread of a new virus.

Looking to head off a panic, China’s central bank plans to inject 1.2 trillion yuan of liquidity into the markets via reverse repo operations on Monday. Beijing also said it would help firms that produce vital goods resume work as soon as possible, state broadcaster CCTV reported.

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In Virus-Hit China, Markets Brace for a Fall as Authorities Urge CalmStocks in China are primed for a steep fall Monday when markets in Shanghai and Shenzhen reopen after a week-long closure, even as Chinese authorities try to calm frayed nerves over the fast-spreading Wuhan coronavirus. buy the dip! Everyone knows: Viruses are Seasonal 🥳 You know when your financial adviser told you that China was a life time winner, well enjoy the ride. let china be crushed and the North American folks who invested in modern day slavery savour their losses.
Source: WSJ - 🏆 98. / 63 Read more »