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Market Impact: 0.25
China Stock Rescue May Need More State Buying to Work, BI Says
Source: Bloomberg
Emerging MarketsMarket Technicals & FlowsInvestor Sentiment & Positioning
China’s benchmark has recorded a record losing streak, and the national team may need to accelerate stock purchases, according to Bloomberg Intelligence. The firm cautions that state-backed buying alone may not be sufficient to sustain a market recovery.
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