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China’s Stock Slump Spurs Intervention Speculation

Investors are wondering if the government will try to help end $1 trillion sell-off

In a Chinese stock market infatuated with round numbers, 3,000 has emerged as the latest fixation for investors trying to determine the government’s commitment to ending a nearly $1 trillion sell-off. The Shanghai Composite Index came within 1.4 percent of that threshold on Wednesday, before rallying in the afternoon amid speculation state-run funds had stepped in. China’s so-called national team has a long history of market intervention and has shown signs of prioritizing financial stability as the economy grapples with escalating trade tensions and uninspiring growth figures.

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