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Home > Here Comes The Yuantervention

Here Comes The Yuantervention

By Tyler Durden
Created 01/10/2016 - 21:24
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 01/10/2016 21:24 -0500



 

Somebody had to do something...

 

Offshore Yuan ripped 14 handles stronger after early weakness on PBOC's "stable" fix...

 

And Chinese stocks lifted elegantly back to unchanged to prove its not fundamentals...

[3]

 

Just "psychological panic."

Panic at paying 64x valuations perhaps?

 

[4]

 

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Source URL: http://www.zerohedge.com/news/2016-01-10/here-comes-yuantervention

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10769
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/01/20160110_APAC2.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/01/20160106_bubble.jpg