US, China Stocks Surge Higher After PBOC Injects Another 400 Billion Yuan

After yesterday’s net CNY150billion liquidity injection didn’t work (in rescuing stocks), PBOC decided to more than double it tonight and the plunge-protectors injected a net CNY400 billion, sending yuan and US and Chinese equity markets soaring…

The PBOC injected CNY500b with reverse repo (380bn in 7-day repo and 120bn in 14-day repo) and accounting for CNY100bn in maturing repo, that nets to CNY400 billion liquidity injected.

Yuan soared…

The Shanghai Compoiste exploded higher after opened down over 2%…

And US equity futures are also soaring… even after GOOGL’s collapse after hours…

Plunge… Protected!