China Dethroned as World’s Most Liquid Stock Market After Curbs
The unprecedented boom in Chinese stock trading during the first half of 2015 has fizzled.
China has lost its title as the world’s most liquid stock market as trading halts and regulatory efforts to curb bearish transactions drive away investors.
Daily turnover on mainland exchanges has averaged the equivalent of $202 billion over the past 30 days, down from $288 billion at the start of July. After exceeding turnover on U.S. bourses for about a month through July 8, the value of shares traded in China is now $72 billion lower than in America. Volume in Shanghai on Tuesday was 36 percent below the 30-day average.
The unprecedented boom in Chinese stock trading during the first half of 2015 has fizzled as the Shanghai Composite Index sank 27 percent from this year’s high and mainland exchanges allowed hundreds of companies to halt their shares. The drop in volumes deepened this week as authorities curbed short sales, investigated algorithmic traders and warned investors against placing large sell orders.
more:
http://www.bloomberg.com/news/articles/2015-08-04/china-dethroned-as-world-s-most-liquid-stock-market-after-curbs
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