The Guardian: Chinese stock markets continue to nosedive as regulator warns of panic
Main markets open sharply down as nearly 700 companies request their shares be suspended in unprecedented move
China’s stock exchange regulator has imposed severe limits on stock market selling, having earlier warned of panic in the market as a range of recent government measures failed to prevent stocks plummeting a further 6%.
After 10 minutes of morning trading a wave of listed companies’ shares had been suspended across China’s two stock markets after they dropped by the daily limit of 10%.
The China Securities Regulatory Commission ruled that controlling shareholders and managers holding more than 5% of a company’s shares could not reduce their holdings for six months, in an attempt to maintain stability in the markets.
WNU Editor: My friends in China are all worried. Some of them have lost a lot of money .... others have not .... and the overall sentiment is one of shock and bewilderment. There is going to be some political fallout from this crash (both domestic and international) .... but to what extent is still unknown.
China's Stock Market Crash Continues -- News Updates July 8, 2015
China's dramatic stock plunge continues -- USA Today
Chinese Government Struggles in Attempt to Stem Distress in Stock Market -- WSJ
China shares: Regulator takes action after slide -- BBC
China Bans Stock Sales by Major Shareholders for Six Months -- Bloomberg
China stocks: The financial crisis that has wiped $3 trillion off the stock markets -- The Independent
China is 'full of panic' and 'irrational selling has been increasing' -- Business Insider
Trading halted for hundreds of companies as China's stock market nosedives -- Mashable
Investors grumble as China leaders stay mum on stocks rout -- Reuters
Washington worries China stock crash could hit Chinese economy -- Reuters
What China's bursting stock bubble means for the U.S. economy -- Don Lee and Dean Starkman, L.A. Times
This Is Why So Many Chinese Companies Are Suspended -- Bloomberg
Why China's stock market is tanking -- James F. Peltz, L.A. Times
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