coolingman @coolingman: " 💥Chinese turn..."

Malaysia

💥Chinese turn U.S. embassy post into 'Wailing Wall' for stock plunge ✳️Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijing. ✳️A post on Friday on protecting wild giraffes by the U.S. embassy on $WB (Weibo Corp-ADR) has attracted 130,000 comments and 15,000 reposts as of Sunday, many of them unrelated to wildlife conservation. "Could you spare us some missiles to bomb away the Shanghai Stock Exchange?" one user wrote in an repost of the article. ✳️The Weibo account of the U.S. embassy in China "has become the Wailing Wall of Chinese retail equity investors", another user wrote. ✳️The comments function on posts related to the economy or the markets on social media platforms can also be turned off, or only show selected comments, restricting channels in which people can express their opinions. Chinese authorities regularly block what they view as "negative" online comments when they gain traction. ✳️China's blue-chip CSI300 Index tumbled 6.3% last month, plumbing five-year lows, after a raft of government support measures failed to prop up confidence dented by multiple economic headwinds, including a multi-year property slump, tepid domestic consumption and deflationary pressures. ✳️On Friday, the official People's Daily published an article with the headline: "The entire country is filled with optimism". ✳️The headline was soon mocked on Chinese social media. ✳️A Weibo user, in an repost of the U.S. embassy's giraffe protection article, wrote: "The entire giraffe community is filled with optimism." $CHINA50 $01211.HK (BYD Co Ltd) $1398.HK (Industrial And Commercial Bank of China) $SPX500

5 Mentioned

Weibo Corp-ADR

CHINA50

01211.HK

BYD Co Ltd

1398.HK

Industrial And Commercial Bank of China

SPX500