China's state media calls for broad stock market "support" - Reuters
|According to reporting by Reuters, Chinese state media outlets are rattling their bells, calling for support in equities as they attempt to soothe fears from the current "correction" in global stocks.
Key highlights
The correction in US equities is 'natural'.
"Worrying about a brewing global storm and continuing to be pessimistic on China A-shares is blind, and totally unnecessary."
Authorities are being urged to "roll out positive measures so that investors know the government cares about the stock market, while listed companies and financial institutions should also contribute to improving market confidence".
The China Securities Daily is urging the government to "inject liquidity" into the domestic stock markets in order to stabilize share prices in an effort to minimize the fallout from declining US stocks.
The Global Times noted that China's stock market has limited impact on the broader Chinese economy, and the domestic economy has survived the current round of impacts.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.