China market plummets on margin lending crackdown

Mainland China share market stumbled on Monday, 19 January 2015, as risk aversion selloff across the board, with shares of brokerage houses being major losers after regulators took measures to rein in margin trading. The benchmark Shanghai Composite Index tumbled 260.15 points to 3116.35 on turnover of 409.9 billion yuan, after falling as much as 8.33% at one point. The decline was the biggest since June 10, 2008, when the index closed down 7.73%.

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