{"id":10443,"date":"2015-07-28T06:32:20","date_gmt":"2015-07-28T11:32:20","guid":{"rendered":"http:\/\/olduvai.ca\/?p=10443"},"modified":"2015-07-28T06:32:20","modified_gmt":"2015-07-28T11:32:20","slug":"global-plunge-protection-team-rescues-chinese-stocks-back-to-unchanged-at-break","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=10443","title":{"rendered":"Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-07-27\/global-plunge-protection-rescues-chinese-stocks-back-unchanged-break\" target=\"_blank\">Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break<\/a><\/h3>\n<p>In what appears like a\u00a0<strong>coordinated USDJPY-driven intervention<\/strong>, the Panic Plunge Protection Team has swung into action not once but twice tonight so far. After China opened down between 5% and 7%, and initial momentum bounce from USDJPY failed onlyt to be followed by a bigger more energentic push to get Shaghai Composite back to unchanged&#8230;\u00a0<strong>but Chinese stocks are once again losing momentum&#8230;<\/strong><\/p>\n<p>Double PPPT effort tonight&#8230;<strong>Spot The Difference<\/strong><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150727_ochina3.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150727_ochina3_0.jpg\" alt=\"\" width=\"600\" height=\"937\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>But it appears to be fading fast&#8230; as dip-buyers cover into the government buying<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150727_ochina4.jpg\"><img decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/07-overflow\/20150727_ochina4.jpg\" alt=\"\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>We&#8217;re gonna need moar JPY selling&#8230;<\/p>\n<p>MUST.REGAIN.CONTROL&#8230; MUST.SHOW.OMNIPOTENCE&#8230; #FAIL<\/p>\n<ul>\n<li><strong>*CHINA&#8217;S SHANGHAI COMPOSITE FALLS 1% TO 3,688.48 AT BREAK<\/strong><\/li>\n<li><strong>*CHINA&#8217;S CSI 300 INDEX FALLS 0.2% TO 3,810.65 AT BREAK<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Charts: Bloomberg<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Plunge Protection Team Rescues Chinese Stocks Back To Unchanged At Break In what appears like a\u00a0coordinated USDJPY-driven intervention, the Panic Plunge Protection Team has swung into action not once but twice tonight so far. After China opened down between 5% and 7%, and initial momentum bounce from USDJPY failed onlyt to be followed by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[130,6941,3726,4979,4318],"class_list":["post-10443","post","type-post","status-publish","format-standard","hentry","category-economics","tag-china","tag-chinese-stock-market","tag-plunge-protection-team","tag-usdjpy","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10443"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10443\/revisions"}],"predecessor-version":[{"id":10444,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/10443\/revisions\/10444"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}