money market liquidity: China stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover, as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity, according to Xinhua China. The CSI300 index and the Shanghai Composite Index both slumped in late afternoon trade, ending down and 6.5 percent, respectively, their worst day since January the 19th when markets fell over 7 percent on an earlier crackdown on margin trading. The Shanghai Composite index opened low, dipping 0.36 percent, while the Chinext board increased 0.32 percent, and the Shenzhen Component Index also marginally rose 0.05 percent at opening. In terms of points shed, the two indexes suffered their heaviest single-day loss since 2008.
(news.financializer.com). As
reported in the news.
Tagged under money market liquidity, topics.