That has to be a charting error. Regardless, the PBOC has looked like amateurs handling this situation. They pumped this thing up way too quickly. Prelude to Chinese QE?
well they've halted half the stocks, practically banned short selling, and make people hold. I know it's slowing down but is their economy that hard up?
they have these aspirations of the Yuan being some global currency and until they liberalize markets a lot more it's never going to happen. they just can't let things float freely. they have to control it.
Shanghai has that same straight line when I'm checking it elsewhere, even on Bloomberg. did they halt trading completely or something? do they all take a lunch break?
edit: I was joking initially but they do take a lunch break:
The Shanghai Stock Exchange in China opens from 9:30am to 3:00pm local time.
They also take a lunch break, where trading is suspended, from 11:30am to 1:00pm local time.