Home Views Tech

China stocks on a slippery slope as margin calls take their toll

Assif Shameen
Assif Shameen7/28/2015 11:42 AM GMT+08  • 2 min read
China stocks on a slippery slope as margin calls take their toll
SINGAPORE (July 28): The sell-off in China A-shares in Shanghai and Shenzhen continued unabated for a second day this week despite rumours that Beijing was preparing further measures to prop up the markets.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 28): The sell-off in China A-shares in Shanghai and Shenzhen continued unabated for a second day this week despite rumours that Beijing was preparing further measures to prop up the markets.

Chinese retail investors who dominate the market are reportedly losing faith that Beijing’s new market measures will have enough teeth to put a floor underneath the market.

At 11 am, the benchmark Shanghai Composite Index was down another 1.9% or 70 points to 3.650 after yesterday’s steep 8.6% fall while Shenzhen Composite Index was down 225 points or 1.85% to 12,267 points after yesterday’s 7.1% decline.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.