China Stock Volatility Wanes Amid Speculated State Intervention
- State-owned investors steadied market Monday, Tuesday: sources
- Hong Kong-traded Chinese stocks rally on strengthening yuan
China's Xi Defends Globalization at World Economic Forum
This article is for subscribers only.
Volatility in Chinese shares waned amid speculated state efforts to ensure market stability during President Xi Jinping’s appearance at the World Economic Forum in Davos.
The Shanghai Composite Index added 0.1 percent at the close, with 10-day volatility at the lowest level since September. State-owned investors bought shares to steady the market on Monday, while some funds were guided on Tuesday not to sell holdings with big weightings in benchmark indexes, people familiar with the matter said, asking not to be identified because they aren’t authorized to discuss the matter publicly.