China Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of Japanese Stocks

China Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of Japanese Stocks

Tyler Durden’s pictureSubmitted by Tyler Durden on 09/16/2015
http://www.zerohedge.com/news/2015-09-16/china-injects-more-liquidity-strengthens-yuan-foreigners-dump-record-amount-japanese

The evening started with disappointing Japanese trade data cross the board – weakest imports, exports, and trade balance in 6 months – which follows the largest selling of Japanese stocks by foreigners ever. China opened with the first rise in margin debt in 6 days, stocks were mixed in the pre-open after last night's epic farce ramp. PBOC strengthened the Yuan fix modestly and also injected another CNY 40 billion.

 

Japanese trade data was disappointing…

  • *JAPAN AUG. EXPORTS RISE 3.1% Y/Y, EST.. +4.3%
  • *JAPAN AUG. IMPORTS FALL 3.1% Y/Y, EST -2.5%
  • *JAPAN AUG. TRADE DEFICIT IS 569.7B YEN, EST 540.0B

All at 6-month lows and missed expectations.

Foreigners have never sold more Japanese stocks ever…

 

Which explains why The BoJ was buying so heavily!! And for now, a rampacious bid open is being sold…

 

*  *  *

Then China opens..

And Margins are on the rise again…

  • *SHANGHAI MARGIN DEBT BALANCE RISES FIRST TIME IN FIVE DAYS

Stocks are mixed after last night's epic ramp idiocy..

  • *CHINA'S SHANGHAI COMPOSITE INDEX FALLS 1% TO 3,119.89 AT OPEN
  • *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 0.7% TO 3,287.66

 

Regulator's pressure appears to be paying off…

PBOC added more liquidity…

  • *CHINA PBOC TO CONDUCT REVERSE REPOS: TRADER
  • *PBOC TO INJECT 40B YUAN WITH 7-DAY REVERSE REPOS: TRADER

And then strengthgened the Yuan fix…

  • *CHINA SETS YUAN REFERENCE RATE AT 6.3670 AGAINST U.S. DOLLAR

 

 

Charts: Bloomberg

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