Unconfirmed report, but some mkt chatter around the place this morning:
- Although not generally reported by news wire services, one of the Australian brokers issued an overnight note suggesting the Chinese government is going to pull out of supporting the stock market
- The suggestion does sit well with the sharp afternoon selloff in China and it has been mooted by Government officials recently
That's it, verbatim. Nothing further at this stage
I haven't seen the 'Australian broker' report
