Earlier reports today weighed on Chinese equities:
Reports that China weighs curbs on stock speculationShares of 'China's Nvidia', Cambricon, have been slammed more than 7% lowerICYMI: China financial regulators consider cooling measures to temper stock market gainsGuotai Haitong Securities have disputed the earlier reports:
The firm warned that sharp swings in equities are not conducive to market development and cautioned against misleading public opinion. It noted that securities lending and short-selling remain possible under quota management, even as regulators weigh adjustments.
Guotai Haitong added that recent market fluctuations reflected profit-taking after a rapid rally and the impact of false rumors, but said its outlook for Chinese equities remains unchanged, with upward momentum seen as sustainable.
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