China mainland stocks opening lower – paging the National Team | Forexlive

China’s state-backed funds, the so-called “National Team” created to counter the stock market crash in 2015 will be active in stocks iof the slide continues.

Small dips at the open for the Shanghai Composite, -0.1%

• and CSI300 -0.2%

Ahead of the National People’s COngress this coming weekend equities will be supported.

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More broadly, risk is a little lower in Asia time. US stock indices are dipping on Globex.

AUD, NZD and others are down against the USD.