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China stocks open higher but clock ticks on rumored 2 trillion yuan rescue package

The CSI300 is up 1.3% early trading today with the […]

The CSI300 is up 1.3% early trading today with the help of comments from the sovereign wealth fund and the regulator.

Chinese stocks are in an interesting spot because of week-long holidays that will start on Friday. That may ramp up the pressure to act sooner.

Bloomberg kicked off speculation about a rescue on Jan 22, saying officials were considering a 2 trillion yuan rescue. Since then though, it’s been quiet.

Then again, from a policymaker perspective you could argue that announcing something over the break, or at the end of the break would be a good time for a reset. Whatever comes next, the stakes are higher right now and there’s global focus on Chinese stocks that I haven’t seen in awhile.

CSI300 daily

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