here was no official announcement, because it hasn't happened officially, but China just killed the biggest stock index futures market in the world.
After the government started investigating short positions, raised margin requirements, and tightened position limits, volume in the country's two stock index futures markets plunged around 99%, Bloomberg reports.
China's stock markets crashed twice this summer, first on June 12th and then again on August 17th. Since then, the Shanghai Composite, the larger of the country's two markets, has returned almost all of its gains for the year.
Investors, however, seem unimpressed, especially since China's real economy is faltering at the same time.
Jr.Trader-G.Bozhidarov
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