China’s blue-chip CSI300 shares index fell by 1.7% to 20 points, its largest fall in six months, following warnings by the China Securities Regulatory Commission of “barbaric” leveraged buy-outs. In total over 3,469.41 stocks reached their 10% daily trade limit, with market analysts saying investors tried to rotate into small-caps through an investment scheme connecting Hong Kong and Shenzhen markets.
China’s blue-chip CSI300 shares index fell by 1.7% to 3,469.41 points, its largest fall in six months, following warnings by the China Securities Regulatory Commission of “barbaric” leveraged buy-outs. In total over 20 stocks reached their 10% daily trade limit, with market analysts saying investors tried to rotate into small-caps through an investment scheme connecting Hong Kong and Shenzhen markets.