Bloomberg (July 7)
2015/ 07/ 07 by jd in Global News
As bad as China’s stock market rout is, things could be even worse. “Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading. Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges.” Valued at $1.4 trillion, the suspended shares account for 21 percent of China’s market capitalization. “If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.”
Tags: China, Exchanges, Market-cap, Rout, Shanghai Composite, Stock market, Suspension, Trading
