Nearly half of the Chinese stock market halts trading
Listed Chinese companies have rushed to halt trading in their shares today as the rout on the Shanghai and Shenzen exchanges continues.
The South China Morning Post reports that 51 per cent of mainland Chinese stocks, representing some US$2.2 trillion in market capitalisation, have asked for voluntary suspensions from trade.
660 mainland Chinese companies have requested that trading be suspended on Wednesday. The total number of of shares is up to 1,429 of the 2,808 stocks in the Shanghai and Shenzhen exchanges.
Last night some 40% of companies, mainly smaller stocks, were in a trading halt.
