Sources: Some of China's fund managers, brokers called by regulators to help stabilize stock market – Reuters
During Tuesday’s Asian session, Reuters came out with the news quoting anonymous source saying, “Some of China's fund managers, brokers called by regulators to help stabilize stock market ahead of the 20th party congress.”
The two sources also mentioned that regulators ask financial institutions to avoid trading activities that may cause big fluctuations in the securities market.
The instructions were give through the so-called "window guidance", with no written documents, one of the sources said per Reuters.
Market reaction
The news fails to witness any major reaction from the markets as the consolidation move continues. USD/CNH, however, hesitates in extending the pullback from two-year high.
Also read: USD/CNH struggles to cheer softer DXY above 7.0000 on pessimism surrounding China