China’s willingness to defend its stock markets put to the test

The plunge in US equities will challenge China’s resolve to keep its equity markets stable. Signs of state support on Monday helped the Shanghai Composite Index rise 0.7 per cent, the sole gainer in Asia. A record US$1.6 billion of inflows into Hong Kong stocks from mainland investors also insulated the city’s bourse from the worst of the declines, with the Hang Seng China …

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