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China Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of Japanese Stocks
The evening started with disappointing Japanese trade data cross the board - weakest imports, exports, and trade balance in 6 months - which follows the largest selling of Japanese stocks by foreigners ever. China opened with the first rise in margin debt in 6 days, stocks were mixed in the pre-open after last night's epic farce ramp. PBOC strengthened the Yuan fix modestly and also injected another CNY 40 billion.
Japanese trade data was disappointing...
- *JAPAN AUG. EXPORTS RISE 3.1% Y/Y, EST.. +4.3%
- *JAPAN AUG. IMPORTS FALL 3.1% Y/Y, EST -2.5%
- *JAPAN AUG. TRADE DEFICIT IS 569.7B YEN, EST 540.0B
All at 6-month lows and missed expectations.
Foreigners have never sold more Japanese stocks ever...
Which explains why The BoJ was buying so heavily!! And for now, a rampacious bid open is being sold...
* * *
Then China opens..
And Margins are on the rise again...
- *SHANGHAI MARGIN DEBT BALANCE RISES FIRST TIME IN FIVE DAYS
Stocks are mixed after last night's epic ramp idiocy..
- *CHINA'S SHANGHAI COMPOSITE INDEX FALLS 1% TO 3,119.89 AT OPEN
- *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 0.7% TO 3,287.66
Regulator's pressure appears to be paying off...
MS & CS have ceased offering synthetic short products under Shanghai-Hong Kong Stock Connect. Good boys!!
— Simon Ting (@simonting) September 17, 2015
PBOC added more liquidity...
- *CHINA PBOC TO CONDUCT REVERSE REPOS: TRADER
- *PBOC TO INJECT 40B YUAN WITH 7-DAY REVERSE REPOS: TRADER
And then strengthgened the Yuan fix...
- *CHINA SETS YUAN REFERENCE RATE AT 6.3670 AGAINST U.S. DOLLAR
Charts: Bloomberg
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Let's get ready to RUUUUUMBLE>>>>>>>>>
Yo-yo, a childs toy.
toy-ota
Please do not worry.
Yeah, because they're dumping Japanese stocks for the biggest Ponzi Pyramid on the planet - U.S.A.!
By foreigners do you mean foreign banks and their proxies?
I see the big banks are getting together to make bitcon mainstream.....
Oh, sorry, bitcoin.
Now I know I'm not buying any...spose the Chinese will come out with their own rival - and maybe call it FubiQian?
buy toyota common in 2011 and four years later it is up 50%. unfortunately the yen is down 50% in the same time frame. D'OH!
Did it occur to some that the U.S. does exactly the same thus QE in fact never ended?
PBOC added more liquidity...
It's good to be an empire. Has been? Perhaps... Wannabe.
Foreigners aren't dumping Japanese stocks. They're covering their{proxy} long UST trades. ;-)
So you weaken your currency, then a day later change your mind, but then think oops maybe it needs to be weak, and then strengthen it again based on data you don't even know is valid.
Does this sound insane to anyone else?
Why does this continue?
China Is trying so hard to convince everyone they have a plan got everything under control. Maybe they do. I still don't see it. They're trying to bring down the usd and Prop up their own markets at the same time. Maybe we just need another port explosion to speed up the entire process
Must be heart braking to realize, there was a risk in marginal borrowing with PE at 100.
The Chinese collapse will be injecting QE into the USA. All those USTs.