China Stocks Head for Worst Week Since 2008 Amid Margin Concern

China’s stocks fell, sending the benchmark index toward its steepest weekly loss since 2008, amid concern the government will clamp down on margin trading and valuations are excessive after a world-beating rally over the past year.

The Shanghai Composite Index dropped 1.5 percent to 4,712.15 at 9:33 a.m., extending losses to 8.7 percent this week. The China Securities Regulatory Commission is working on margin-trading risk management rules for securities firms, the 21st Century Business Herald reported, without citing anyone.

Source : Bloomberg


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