Yesterday the market was blaming the PMI for the China sell off, followed by the imminent release of the ban on 5% shareholders from selling (later refuted) and lastly today, it was the yuan weakness.
However, most probably, the REAL reason is this:
Margin Trading Lender Closes, Prompting Investors to Turn to Police
http://english.caixin.com/2016-01-04/100895792.html
Whats more, this is the second highest trending topic on the publication Caixin Online
http://english.caixin.com
You need a Website..... - Tuesday, page-17
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Last
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,982.4 | 8,030.3 | 7,982.4 |
| XJO (ASX) Chart |