China’s securities regulator moved to soothe investors, after a social media post hyped up a spike in shorted stocks last week, its second attempt this month to talk up the market just as a rebound shows some signs of fizzling out.
The increase in short bets, amounting to some 170 million shares, on June 12 was mainly because of the semi-annual rebalancing of key stock indices, the China Securities Regulatory Commission (CSRC) said in a statement on its website on Sunday night.
The post, which was not identified, only played up the data on the new shorted stocks while overlooking the figures of the stocks whose short positions were closed…
