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Saudi Arabia has reportedly been propping up its stock market when things go bad

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The Saudi government buys stocks, often in the final minutes of trading, to counter declines in the market, the Wall Street Journal reported.

 

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China have been doing this for years. Nothing new here.

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Saudi Arabia Pumps Up Stock Market After Bad News, Including Khashoggi MurderThe government of Saudi Crown Prince Mohammed bin Salman has spent billions to counter selloffs in recent months following the killing of a dissident journalist, a corruption crackdown and a showdown with Qatar. Stop buying anything Saudi if possible. Stop investing in Butchers! Saudi House of Cards
Source: WSJ - 🏆 98. / 63 Read more »