Bloomberg headline: China mulls stock market rescue package backed by $278 bn

<p>Bloomberg citing unnamed sources for the report:</p><ul><li>China considering a 1 trillion yuan fiscal stimulus</li><li>Also considering special bond stimulus</li></ul><p>Mainland and Hong Kong stocks pop. </p><p>CNY also a little higher. </p><p>CNH too:</p><p>We have had hints and innuendo of something like this. Tru this time?</p>

This article was written by Eamonn Sheridan at www.forexlive.com.