UPDATE: China market chaos intensifies

More than half of companies listed on mainland stock exchanges have halted trading, with the market bracing for further suspensions.

UPDATE: China market chaos intensifies

“No trading, no pain” is one phrase making the rounds in China to describe the sentiment toward China’s volatile stock markets, as more than half listed firms filed applications to halt trading of their shares, an unprecedented move to avoid plummeting stock prices.

The phrase went viral on Sina Weibo, China’s version of Twitter, and re-tweeted more than 2m times on Tuesday when over 700 companies suspended trading on the Shanghai and Shenzhen exchanges. Many...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES