China stocks close for lunch break - partially close the opening gap lower

It has been a wild morning in China

Data was poor:

• China Caixin Manufacturing PMI for August (final): 47.3 (vs. flash 47.1) + services PMI result
• China Official Manufacturing PMI: 49.7 (49.7 expected) & Non-manufacturing 53.4 (prior 53.9)

And stocks resumed their slide.

But ... the worst of the losses were recovered as we headed into the lunch break, and a small inroad was made into the opening gap lower:

EUR/USD (along with GBP, JPY and CHF all gained while Chinese stocks fell ... but check out EUR/USD, its not given back much of its gain at all, hanging on near session highs as I update:

Market chatter is to expect more China stock buying in their afternoon, which has been a pattern.