Reuters
- The “National Team” is a group of institutional investors that was formed after a sharp Shanghai Composite index correction in 2015.
- The team could step in again soon as the US-China trade war escalates, analysts say.
- Follow the Shanghai Composite Index in real time here.
As an escalating trade battle with Washington raises growth concerns in Beijing, Chinese stocks may get a helping hand from state-backed investors.
Deutsche Bank analysts Michael Tong and Luka Zhu wrote in a note to clients out Tuesday that it’s increasingly looking like the “National Team” has and will continue to intervene in China’s stock market. The group of institutional investors was formed after the Shanghai Composite index crashed in 2015.See the rest of the story at Business Insider
NOW WATCH: Medical breakthroughs we will see in the next 50 years
See Also:
- Wall Street is turning its back on a crucial part of the tech industry — and it’s threatening to tank stocks across the sector
- Here’s how the Fed could trigger the next big stock market meltdown
- A Wall Street expert dispels a huge myth about the $ 5 trillion ETF market — and explains why tech employees are the big winners of the industry’s explosion
