Chinese Stocks Racked with Losses After Cyber Laws Enforced by Regulators for Publishing Fake News

I had to fish for this for a few minutes — taking precious time away from my day of eating gateway meats.

China’s cyber watch down pressed its boot down on several tech firms for violating cyber laws — including BIDU, WB and Tencent.

The Cyberspace Administration of China said violators would receive ‘maximum penalty’ for failing to remove FAKE NEWS and porn. Plus, content that could be misconstrued for inciting ‘ethic tension’ and ‘social order’ were pressed upon an innocent, unsuspecting, Chinese public of dog eaters and plastic rice producers.

“The internet does not operate outside of the law… the CAC will seriously implement the new cybersecurity law and other regulations to increase territorial supervision and enforcement efforts regarding the internet,” said the CAC.

The subsequent result of this regulatory action is bloodshed, flowing freely throughout Wall Street.

Here are some of the losers in the China sector.

This pin action is way outside the ordinary trading action for Chicoms and has resulted in the Exodus oscillator swinging hard into oversold territory. The level of technical damage is so severe our overbought/oversold oscillator is at the lowest level since December 2016. This is crash tier pin action.

I might just step in here.