RBA Shadow Board recommends a rate hike at tomorrow's monetary policy meeting
Asia FX gains, dollar at 6-week low as Fed pause bets soar By Investing.com

This is via an opinion piece from Reuters, saying the support for ‘national team’ buying of stocks (intervention to prop up the market) is only tepid.

Reuters says:

  • More than 1,100 companies led by battery
    giant CATL have responded by spending $9 bln buying back shares in Shanghai and Shenzhen so far this year
  • Yet that’s only a tepid increase from 2022 when firms spent about 60 billion yuan on share buybacks

Despite the increase Reuters says that “Corporate support
looks half-hearted”.

It’s a tricky argument to make given the increase though.

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