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China's "S&P" Limit Up 10%, SHCOMP Down 1% As Xinhua Confirms "Stock Market Stabilized"

Presented with little comment aside from a snarky glare as Xinhua's headline "After a roller coaster rush since July 2014, China's stock market has stabilized and risks have been released to some extent, the securities regulator said Sunday." CSI-300 was limit up 10% shortly after the open, then was hammered 5% lower. Shanghai Composite was not as easily manipulated and is down 0.5%!!

 

 

Who was responsible for the magical levitation? Simple!!

Spot The Difference!

 

Welcome to the "markets"

 

Charts: Bloomberg