China Stock Selloff Abates on State Efforts to Stabilize Yuan

  • Offshore yuan climbs to one-week high amid intervention
  • Shanghai Composite's RSI signals oversold conditions

UBS's Gao Says China Selloff Not Driven by Fundamentals

China’s stocks rose in volatile trading after the benchmark index briefly fell below the 3,000 level as policy makers intensified efforts to stabilize the yuan.

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