UH-OH: Chinese stocks just went negative

The latest measures announced by Chinese regulators to support the nation’s stock market have, for the moment, failed miserably.

Having surged more than 8% at the start of trade the benchmark Shanghai Composite index just fell into negative territory, while the CSI 300 index, that which comprises the 300-largest firms listed in Shanghai and Shenzhen, is also lower for the session.

The Shanghai Composite was trading at 0.2% down for the session a short time ago.

Having hit multi-year highs in early June both indices have now fallen close to 30%.

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