China’s equity rally lost steam in the past few sessions, with the Shanghai Composite sliding -1.3% and losing the 3800 level just 9 days after breaking above it and breaking out above the historic trendline we pointed out two weeks ago. The index is now down 3 days in a row, the longest such streak since May. The sell off today was triggered by a Bloomberg report of China’s financial regulators mulling cooling measures for the market after a US$1.2t rally stoked worries of a speculative frenzy a la 2025 style. Policymakers are reportedly considering moves such as the removal of short-selling restrictions and the ... (full story)