Another surprise from the People’s Bank of China is causing headaches for investors. Less than three months after its sudden yuan devaluation roiled global markets, the central bank sowed confusion among stock traders by presenting five-month-old comments from governor Zhou Xiaochuan as if they were fresh in an article on the PBOC’s website Tuesday. Like any statement from a central bank official, the timing was critical. In the article, Zhou said the Shenzhen-Hong Kong bourse link would start this year -- a positive surprise for investors who had anticipated China’s $5 trillion equity rout would delay plans to open up the nation’s second-largest stock market. Share prices in Shenzhen...
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