Mainland Chinese shares were trading erratically on Thursday as regulators continued trying to calm the markets.<\/p>\n
The Shanghai Composite index was up as much as 1.4% in mid-morning trade after falling 3.6% earlier.<\/p>\n
A move to ban big investors from selling stocks may have soothed investor worries, analysts said.<\/p>\n
Meanwhile, the state-run news agency Xinhua said police were investigating “vicious short-selling” on the country’s stock market.<\/p>\n
Xinhua said authorities would “crack down” on operations that had broken the laws and regulations related to trading.<\/p>\n
By mid afternoon, the benchmark Shanghai index was up 1.3% at 3,552.8 points.<\/p>\n
Relieving pressure<\/strong> On Wednesday, the Shanghai Composite fell as much as 8.2%, leading some analysts to describe the session as ‘Black Wednesday’.<\/p>\n In the latest efforts to try and stem the falling markets, Beijing has relaxed lending rules – making it easier for people to borrow money for investment – in the hope that they will buy more stocks.<\/p>\n That follows a move late on Wednesday to ban investors holding stakes of more than 5% in companies from selling shares in the next six months.<\/p>\n Meanwhile, about 1,300 firms have halted trading in their stocks to prevent the value of their businesses falling further.<\/p>\n Elsewhere in Asia<\/strong> Japan’s Nikkei 225 index was down 1.1% as investors worried about China’s stock market and Greece’s future in the eurozone.<\/p>\n “Tokyo markets have been affected by Chinese shares since yesterday,” said SBI Securities’ Hideyuki Suzuki, who is general manager of the firm’s investment market research arm.<\/p>\n “But the Hang Seng Index and red chips which are now in positive territory are giving sense of relief,” he said.<\/p>\n In Australia, the S&P\/ASX 200 index was down 0.2% in afternoon trade. While South Korea’s benchmark Kospi index slipped 0.2%.<\/p>\n –<\/p>\n Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":" Mainland Chinese shares were trading erratically on Thursday as regulators continued trying to calm the markets. The Shanghai Composite index was up as much as 1.4% in mid-morning trade after falling 3.6% earlier. A move to ban big investors from selling stocks may have soothed investor worries, analysts said. Meanwhile, the state-run news agency Xinhua […]<\/p>\n","protected":false},"author":24,"featured_media":132831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[14],"class_list":["post-132830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-papa-owusu-ankomah"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/132830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132830"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/132830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/132831"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nChina’s market regulator has introduced a string of new rules in the past week to try and relieve pressure on Chinese shares – which have lost more than 30% of their value since mid-June.<\/p>\n
\nThe volatility in China was mirrored in Hong Kong, with the benchmark Hang Seng index reversing earlier losses – trading up 3.4% by mid-afternoon.<\/p>\n