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Chart of the day: China margin traders rush for the exit

  • Thu, 15 Feb 2018 08:08
China’s margin traders rushed to cut their holdings of stocks bought with debts after the Shanghai Composite Index slumped 9.6 per cent last week to become the worst performer in a global sell-off. The outstanding balance of margin debts on the Shanghai and Shenzhen exchanges shrank to 1 trillion yuan (US$ 157.7 billion) on Monday after having fallen for nine consecutive trading sessions. That marked a 7 per cent drop from the two-year high recorded on January 30. A fast decline in... South China Morning Post - China Business feed

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