Chinese Stocks Nosedive After Stabilization Fund Exit Comments

Just when officials proclaimed Chinese stocks "the safest in the world," and added that "the stock market rout has been ended by timely measures," CSRC announces that they are studying an exit plan for the stock stabilization plan... and carnage ensues...

 

 

Even ChiNext has give up its gains...

 

We await the "just kiding" denial very soon.

Chart: Bloomberg